Yes, that “Ha Ha!” was done in a Nelson voice from The Simpsons.
The ruling concerned a mortgage held by debtor Mathew Giroux, who filed a voluntary Chapter 7 case in bankruptcy court in Massachusetts on June 27, 2008. The bankruptcy court granted the trustee's motion for summary judgment on May 21, which allowed him to treat the mortgage as a unsecured debt.
Saris agreed with the bankruptcy court that Massachusetts case law holds that the state "requires strict formalities in the execution of acknowledgements."Saris also agreed with the bankruptcy court that Massachusetts courts are likely to follow a 2004 6th U.S. Circuit Court of Appeals decision, In re Biggs, which held that omitting the lender's name in an acknowledgement was not a "purposeless formality."
"Although the question of the acknowledgment's validity is a determinative issue, the Court finds the outcome in the state court to be reasonably clear," Saris wrote.
Cases about the issue have also cropped up in federal courts in other jurisdictions, said the trustee's lawyer, Jeffrey J. Cymrot of Boston-based Sassoon & Cymrott. Cymrot said he's also working on a similar pending case."It's largely due to pushing mortgages through the system," Cymrot said. "I don't think it's rare."
The case shows that sloppy execution of mortgage documents has consequences in bankruptcy cases, Cymrot said.
Source: Law.com - Defective Paperwork Strips Mortgage Holder of Foreclosure Rights
This humors me greatly since financial companies make us go through so many hoops for their convenience. It’s nice to see that we can still force them to do things right.