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Real Estate & Property Law

: The Home Equity Theft Reporter

Unforgiven Debt Balances On Foreclosure, Short Sales Leave Ex-Homeowners Stunned; Failure To Obtain Written Waivers Drive Some Into Bankruptcy Court

By r morris

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In Gainesville, Virginia, The Washington Post reports:After the bank foreclosed on Fernando Palacios's home in March, he thought he was done with what he described as the most stressful financial situation of his life. The bank sold the home for far less than Palacios owed on it, as often happens with foreclosures. What Palacios did not see coming was the letter from his lender demanding that he

Full post as published by The Home Equity Theft Reporter on June 24, 2010 (boomark / email).

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