Springfield anti-foreclosure ordinances may stand, U.S. District Court judge Michael Ponsor rules
SPRINGFIELD – U.S. District Judge Michael A. Ponsor has ruled in favor of Springfield Tuesday and cleared the way for the city to implement two ordinances aimed at dealing with the mortgage foreclosure crisis.
One law requires banks to proffer a surety $10,000 bond to the city to secure and maintain any of its foreclosed, vacant properties in Springfield. The other law established a city-approved mandatory mediation for homeowners facing foreclosures. Both went on the books in December 2011 but have not been implemented due to the legal challenges.
A number of local banks including Chicopee Savings Bank, Monson Savings Bank, Country Bank for Savings, Hampden Bank, United Bank and Easthampton Savings Bank all sued in federal court contending that the city overstepped its powers.
Ponsor disagreed.
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Copy of the ruling below…
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4closureFraud.org
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Judge Ponsor ruling in favor of Springfield’s anti-foreclosure ordinance
Being from the area, I can say Judge Ponsor has always adhered to the rule of law and is probably, along with Arthur Schack in NY, the fairest judge I have seen.
Judge Ponsor !!!! I was in court back in the 80’s representing myself against 5 Fortune 500 Lawyers in 1000 dollar suits….Ponsor was the judge. Even to I lost convincingly, lol, I was always amazed how judge Ponsor gave me many chances to tell my story in my crude attempt to be a lawyer for myself. He was FAIR, He was understanding and he gave me every chance to defend myself.
It doesn’t surprise me that he understands this bank situation and his fairness and concern for whats proper prevailed. He is a good man! I knew it many years ago…:)