Error 404 Page
Error 403 Page
CLA's Dan Bahls argues before Supreme Judicial Court

CLA's Dan Bahls argues before Supreme Judicial Court

On Monday, Oct. 2, Community Legal Aid Staff Attorney Dan Bahls argued a case in the Supreme Judicial Court about loans involving reverse mortgages.

About ten years ago,  James B. Nutter & Co. (one of the nation’s largest reverse mortgage companies) started using a reverse mortgage document that promised signatories (most of whom were elders) that if and when it was necessary to foreclose, the foreclosure would occur through a judicial process rather than a non-judicial process. This protection is significant because it affords borrowers—or their heirs seeking to settle their affairs—meaningful protections, including the ability to present defenses to a foreclosure in court.  Nutter & Co. has filed about 80 foreclosure cases in the Land Court seeking a declaration that it can foreclose non-judicially (meaning that it would not have to go through a court process to foreclose). We hope that the Court will rule that these mortgages can only be foreclosed judicially.


-A +A

Articles Archive