Tax assessments are seldom good real estate valuations
An always tricky area of bankruptcy law involves the method used to value a debtor’s real estate. Typically, one of the worst ways to justify the value of real estate is to just refer to the tax assessor’s valuation on a property tax bill. These values are notoriously out of date and often bear little [...]
Must a homeowner receive notice of a foreclosure sale?
An interesting case brewing in the Bankruptcy Court in Worcester, Massachusetts raises an issue that you would (erroneously) think had been decided long ago: When a lender decides to hold a foreclosure sale, must the homeowner actually receive notice of the sale? Here’s what happened in the Bailey case: the homeowner sued Wells Fargo in [...]
