This Massachusetts thing is blown out of proportion. They are suggesting laws to give court oversight to the forclosure process, not to BAN them altogether. 30 other states require court approval on the foreclosure, MASS does not, but is trying to legislate that in. Its not a big deal.

That’s a far cry from saying they are trying to BAN forclosures. They are not doing that. That would be tantamount to telling the banks who are not getting paid “tough noogies” while telling borrowers who aren’t paying “don’t bother”.