The fallout from Ibanez continues in the Bay State.  As I (fearfully) predicted earlier this year, the SJC of Massachusetts (in its second foreclosure-related ruling of 2011) has affirmed a lower court’s decision in Bevilacqua v. Rodriguez.  The SJC ruled Tuesday that Mr. Bevilacqua lacked clear title to a home he purchased from U.S. Bank (which had obtained title via a challenged foreclosure proceeding).  The court was critical of the bank’s failure to adhere to the proper assignment procedure.  Which poses the question: Is Mr. Bevilacqua paying the price for the robosigners?  More analysis to come from the CrunchedCredit team in the coming days.

By: Matt Clark