The Boston Globe reported yesterday that a task force (comprising lawyers, bankers and advocacy groups) is working on recommendations for changes to Mass. foreclosure laws. The big question before it has been whether or not to change the state’s laws so that foreclosures are reviewed by judges (currently they’re not).
So just to be clear, if the task force drafts a law that moves the process to a judicial review process — that means state Atty. Gen. Martha (or any attorney general), once the law is passed, can do more than “call for” a foreclosure moratorium, she can actually make it happen. And banks submitting shoddy paper trails to judges will be treading on thin ice with the AG and Mass. courts too.