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Real Estate & Property Law

: The Home Equity Theft Reporter

Recent NY Court Foreclosure Ruling Wiping Out Mortgage Debt Not Expected To "Open The Floodgates" Against Lenders

By r morris

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In Suffolk County, New York, Newsday reports:A Suffolk judge's decision to wipe out the mortgage debt of a foreclosed-upon East Patchogue couple may send a message to predatory subprime lenders that unless they work to save their customers' homes, they stand to lose everything, some real estate attorneys said. "This case shows the change in the tide as to the sentiment about mortgage foreclosures

Full post as published by The Home Equity Theft Reporter on December 01, 2009 (boomark / email).

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