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Loan Modification

: Mortgage Lender Implode-o-Meter

California Appeals Court Rules Homeowners Can Sue Banks for Fraud Over Broken Loan Modification Promises

By Implode-Explode Heavy Industries

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"The Second District Court of Appeals in Los Angeles has ruled that banks are ?legally bound by their loan modification promises,? and can be sued for fraud when homeowners rely on such promises and are damaged as a result"

Full post as published by Mortgage Lender Implode-o-Meter on January 29, 2011 (boomark / email).

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