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Buyer of invalid foreclosure loses appeal to clear property title 

Oct 18, 2011By

A man who bought a house that turned out to be an invalid foreclosure cannot sue the previous homeowner over his clouded title because the bank foreclosed before receiving an actual mortgage assignment, the Massachusetts Supreme Judicial Court said Tuesday. Vincent Valvo, group publisher and Editor-in-Chief for Massachusetts real estate data firm The Warren Group, says the case is a “massive holding” that will have a deep effect on the real estate market.