Massachusetts Mortgages, Foreclosures, and Workouts provides a comprehensive, practical, and up-to-date guide to the mortgage and foreclosure issues facing Massachusetts attorneys today. This essential publication introduces the law governing mortgages and foreclosures; sets forth step-by-step guidance on the procedures required to prepare for and conduct a foreclosure (as well as the legal and insurance issues likely to arise in the process); describes the use of foreclosures in particular areas of practice, including commercial leasing and condominiums; highlights the implications of federal liens, FDIC involvement, and bankruptcy law; and reviews the use of workout agreements and other alternatives to foreclosure.An Essential Resource for Mortgage and Foreclosure Matters
Table of Contents
Chapter 01 - An Introduction to Mortgages and ForeclosuresFrancis J. Nolan, Esq.,
Harmon Law Offices, PC
Chapter 02 - Preforeclosure Issues
Francis J. Nolan, Esq.,
Harmon Law Offices, PC
Chapter 03 - Foreclosure Procedure from Complaint Through Sale
Francis J. Nolan, Esq.,
Harmon Law Offices, PC
Checklist 3.1 - Checklist for a Foreclosure Proceeding
Exhibit 3A - Boston Ordinance Regulating the Maintenance of Vacant, Foreclosing Residential Properties
Exhibit 3B - Land Court Complaint
Exhibit 3C - Superior Court Complaint
Exhibit 3D - Mortgagee’s Affidavit
Exhibit 3E - Order of Notice (Land Court)
Exhibit 3F - Order of Notice (Superior Court)
Exhibit 3G - Return on Order of Notice (Superior Court)
Exhibit 3H - Motion for Judgment
Exhibit 3I - Land Court Military Affidavit
Exhibit 3J - Superior Court Military Affidavit
Exhibit 3K - Application for Entry of Default Judgment
Exhibit 3L - Affidavit in Support of Application for Entry of Default
Exhibit 3M - Notice of Sale
Exhibit 3N - Affidavit Pursuant to G.L. c. 244, § 35B
Exhibit 3O - Affidavit Pursuant to G.L. c. 244, § 35C
Exhibit 3P - Certification Pursuant to 209 C.M.R. § 18.24(c)
Exhibit 3Q - Deficiency Notice
Exhibit 3R - Affidavit Regarding Deficiency Notice
Exhibit 3S - Certificate of Entry
Exhibit 3T - Memorandum of Sale
Exhibit 3U - Foreclosure Deed
Exhibit 3V - Affidavit of Sale
Exhibit 3W - Affidavit of Continuing Noteholder Status
Exhibit 3X - Affidavit of Compliance with Conditions Precedent to Acceleration and Sale (Pinti Affidavit)
Chapter 04 - Commonly Asked Questions About Foreclosure Proceedings - Lender’s Perspective
Joseph P. Jannetty, Esq.,
Nutter McClennen & Fish LLP
Gary D. Zanercik, Esq.,
Nutter McClennen & Fish LLP
Exhibit 4A - Mortgagee’s Affidavit
Chapter 05 - Title Issues in Foreclosure Practice
Erika J. Hoover, Esq.,
Korde & Associates, PC
Exhibit 5A - Chapter 57 of the Acts of 1943 (As Amended Through Chapter 142 of the Acts of 1998)
Exhibit 5B - Chapter 141 of the Acts of 2015: An Act Clearing Titles to Foreclosed Properties
Chapter 06 - Foreclosure Litigation - Price and Pollution in the 1990s
E. Randolph Tucker, Esq.,
Exhibit 6A - DEP Policy and Guidelines for Secured Lender Liability Under G.L. c. 21E (June 13, 1994)
Chapter 07 - Commercial Leases in a Foreclosure
Mark W. Powers, Esq.,
Bowditch & Dewey LLP
Donald E. Vaughan, Esq.,
Burns & Levinson LLP
Chapter 08 - Condominium Lien Law - Lien Enforcement Actions and Priorities in Foreclosures
Laura White Brandow, Esq.,
Moriarty Bielan & Malloy LLC
Exhibit 8A - Section 6(d) Certificate
Exhibit 8B - Sixty-Day Notice to Unit Owner
Exhibit 8C - Sixty-Day Notice to Unit Owner (Alternate)
Exhibit 8D - Sixty-Day Notice to Mortgagee
Exhibit 8E - Thirty-Day Notice to Mortgagee
Exhibit 8F - Complaint
Exhibit 8G - Application for Default
Exhibit 8H - Plaintiffs’ Motion for Default Judgment, Assessment of Damages, and Entry of Judgment and Order
Exhibit 8I - Plaintiffs’ Motion for Summary Judgment
Exhibit 8J - Plaintiffs’ Memorandum in Support of Motion for Summary Judgment
Exhibit 8K - Notice of Sale of Real Estate
Exhibit 8L - Memorandum of Sale of Real Property at Auction
Exhibit 8M - Auctioneer’s Release Deed
Exhibit 8N - Attorney’s Affidavit
Exhibit 8O - Motion for Relief from Automatic Stay
Chapter 09 - The Effect of Federal Liens on Foreclosures
Jutta R. Deeney, Esq.,
Stewart Title Guaranty Company
Exhibit 9A - FDIC Statement of Policy on Foreclosure Consent and Redemption Rights
Exhibit 9B - IRS Publication 487: Requesting the United States to Release Its Right to Redeem Property Secured by a Federal Tax Lien
Exhibit 9C - Application for Release of Right of Redemption in Respect of Federal Tax Liens (Judicial Foreclosure)
Chapter 10 - Bankruptcy Issues Relating to Mortgages and Foreclosures
Olga L. Gordon, Esq.,
Murtha Cullina LLP
Chapter 11 - Cases Involving the FDIC
A Neil Hartzell, Esq.,
Freeman Mathis & Gary LLP
Exhibit 11A - FDIC Statement of Policy Regarding Federal Common Law and Statutory Provisions Protecting the FDIC
Exhibit 11B - FDIC Contact Information
Chapter 12 - Title Insurance Issues Affecting Foreclosures
Margaret M. Fortuna, Esq.,
Commonwealth Land Title Insurance Company
Melanie E. Kido, Esq.,
CATIC
Checklist 12.1 - Title Insurance Issues Relating to Foreclosure
Exhibit 12A - Loan Policy of Title Insurance
Exhibit 12B - Owner’s Policy (Expanded Coverage) of Title Insurance
Exhibit 12C - Intercreditor Agreement
Chapter 13 - Workouts and Related Bankruptcy Considerations
Adam Lewis, Esq.,
First American Title Insurance Company
Nerejda Katherine Prifti,
First American Title Insurance
Exhibit 13A - Preworkout Letter and Audit Agreement
Exhibit 13B - Forbearance and Loan Workout Agreement
Authors
Editor(s)Francis J. Nolan, Esq.,
Harmon Law Offices, PC, Newton
Author(s)
Laura White Brandow, Esq.,
Moriarty Bielan & Malloy LLC, Quincy
Jutta R. Deeney, Esq.,
Stewart Title Guaranty Company, Waltham
Margaret M. Fortuna, Esq.,
Commonwealth Land Title Insurance Company, Boston
Olga L. Gordon, Esq.,
Murtha Cullina LLP, Boston
A Neil Hartzell, Esq.,
Freeman Mathis & Gary LLP, Boston
Erika J. Hoover, Esq.,
Korde & Associates, PC, Lowell
Joseph P. Jannetty, Esq.,
Nutter McClennen & Fish LLP, Boston
Melanie E. Kido, Esq.,
CATIC, Waltham
Adam Lewis, Esq.,
First American Title Insurance Company, Springfield
Francis J. Nolan, Esq.,
Harmon Law Offices, PC, Newton
Mark W. Powers, Esq.,
Bowditch & Dewey LLP, Worcester
Nerejda Katherine Prifti,
First American Title Insurance, Boston
E. Randolph Tucker, Esq.,
Donald E. Vaughan, Esq.,
Burns & Levinson LLP, Boston
Gary D. Zanercik, Esq.,
Nutter McClennen & Fish LLP, Boston
