Ibanez Case arguments on Thursday
The oral argument in the much anticipated U.S. Bank v. Ibanez foreclosure case is Thursday October 7, 2010 at 9:00AM at the Supreme Judicial Court.
You can watch the live webcast here.
Watch for a discussion of whether the Land Court’s ruling will be applied retroactively or prospectively. This is huge. A retroactive ruling will leave thousands of invalid foreclosure titles intact. A prospective ruling will effectively validate the majority of foreclosures invalidated by Land Court Judge Keith Long’s controversial ruling. I’ve been predicting that the SJC will strike a balance by upholding the Land Court on the merits, but applying the ruling prospectively.
Links:
Borrower side brief
Lender side brief
Friend of the Court brief
