"Standing to Foreclose in Maine: Bank of America, N.A. v Greenleaf": John J. Aromando Authors Maine Bar Journal Article

In the Fall 2014 edition of Maine Bar Journal, former Pierce Atwood litigation partner John Aromando discusses the far-reaching and serious consequences of this recent law court decision that separates the mortgage from the note for the purpose of analyzing standing to foreclose.  

According to the article, the decision in Bank of America, N.A. v Greenleaf  “creates problems for lenders and a windfall for borrowers. It deprives lenders of bargained-for security that induced them to make the loan in the first place, and allows borrowers to default on their obligations without facing consequences they agreed to accept.”

For a complete analysis and discussion of this decision please read all of John’s article, “Standing to Foreclose in Maine: Bank of America, N.A. v Greenleaf.”