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Massachusetts banks seek to block local foreclosure laws


(Reuters) – Seven Massachusetts banks have asked a federal
judge to stop enforcement of local laws combatting the impact of
home foreclosures, arguing that the state’s highest court has
already ruled such laws invalid.

In a filing on Wednesday, a lawyer for the banks said the
ordinances, passed by the cities of Lynn and Worcester, put
restrictions on the foreclosure process, an area of state
concern, not local.

To read the full story on WestlawNext Practitioner Insights,
click here: bit.ly/1EwOlNU

Article source: http://www.reuters.com/article/2015/02/27/usa-banking-massachusetts-idUSL1N0W10LN20150227

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