February 7, 2013
First Circuit Hears RI Case Involving Hundreds of Foreclosures
The First Circuit has heard oral argument on February 5th in In Re Mortgage Foreclosure Cases. In that consolidated case, a Rhode Island District Court judge had stayed over 700 foreclosures until a good faith attempt to settle the cases under the auspices of a special master has run its course. The court issued a memorandum and order denying a motion for a stay pending appeal.
The homeowners claim that the mortgages being foreclosed upon were improperly assigned, but this appeal does not reach the substance of the dispute.
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