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The Home Equity Theft Reporter: BofA Begins F’closure On Elderly Couple For Paying Too Early On Loan Mod Payments After Telling Them Default Required For Payment Workout Eligibility

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Home Equity Theft Reporter The state Department of Justice filed a brief in the 9th U.S. Circuit Court of Appeals, arguing that the Mortgage Electronic Registration Systems, or MERS , can’t stand in for lenders when it comes to county records in what’s called "a non-judicial foreclosure" — one that does not go through court.

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The Home Equity Theft Reporter: BofA Begins F’closure On Elderly Couple For Paying Too Early On Loan Mod Payments After Telling Them Default Required For Payment Workout Eligibility; Florida Attempting to Regulate Private Lending | American Association of Private Lenders

And those home owners who are so distressed that would not be able to service their mortgages even at a level equal to the lower market price of the home and with a fixed rate (rather than variable rate) mortgage should be forced into foreclosure and move into rentals; not everyone can afford – ever after debt relief – to be a home owner.

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