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Dust off the pitchforks – Home Foreclosure racket continues. Not only did the original mortgage holder get back all its money from the loan, plus all missed payments, out of pocket expenses and various generous fees, it also made a very respectable profit on the convoluted but perfectly ‘legal’ slight of hand. All paid for by you — the US tax.
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American Home Mortgage Servicing (E.D.Cal. 2010) 279 F.R.D. 575, 582-583.) As explained in part I, ante, only the original beneficiary, its assignee or an agent of one of these has the authority to instruct the trustee to initiate and complete a nonjudicial foreclosure sale. The question is whether and when a wrongful foreclosure plaintiff.
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n. a sale of property or goods which will be completed if certain conditions are met (as agreed) by one or both parties to the transaction. Example: Hotrod agrees to buy Tappit’s 1939 LaSalle for $1,000 cash if Tappit can get the car running by September 1st.
mortgage either by refinancing into another mortgage or by selling their home for enough to extinguish the fraudulent mortgage. It was only when borrowers’ equity was so tapped that they could no longer refinance, and a slowing housing market had eliminated the option of selling for many struggling borrowers, that the massive delinquencies and