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Foreclosure is part of the voluntary agreement you signed with the bank when they loaned you the money to voluntarily purchase the property. It's not government
by ageek123 12y ago
Foreclosure is part of the voluntary agreement you signed with the bank when they loaned you the money to voluntarily purchase the property. It's not government intervention.
- dredmorbius 12y agoYou're missing the point that if a more empowered party than you wants your property, they're likely to get it. Terms of mortgages in the past decade or so have been in tremendous flux, fraudulently granted (on the part of both lender and borrower, yes, in cases), and changed unilaterally. They've also been transferred with little or no documentation. Cases in which homes that were not even under any mortgage being seized are fairly easy to find. http://www.cbsnews.com/news/robo-signing-of-mortgages-still-a-problem/ http://www.cbsnews.com/news/robo-signing-of-mortgages-still-... http://www.huffingtonpost.com/2013/07/24/ohio-bank-forecloses-wrong-home-katie-barnett_n_3644246.html http://www.huffingtonpost.com/2013/07/24/ohio-bank-foreclose... http://abcnews.go.com/Business/bank-america-sued-foreclosing-wrong-homes/story?id=9637897 http://abcnews.go.com/Business/bank-america-sued-foreclosing...