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Loan Modification

: Mortgage Lender Implode-o-Meter

Iowa loophole voids mortgage, gives couple 'a free house'

By Implode-Explode Heavy Industries

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"A hasty home-loan approval and a 123-year-old law that requires mortgages be signed by both spouses helped the couple fight foreclosure all the way to the Iowa Court of Appeals. They won, and though they made only one payment to lender Citimortgage, the mortgage is now void and they get to keep the home."

Full post as published by Mortgage Lender Implode-o-Meter on March 18, 2011 (boomark / email).

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