long island mortgage cancelled

Real Estate Law

Long Island Judge Wipes Out Homeowner Debt. Victory for Consumers? Or Is It?

by Richard Warren | November 30, 2009
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Last week a judge on Long Island wiped out a homeowner’s debt to Indymac Bank. (article) Many consumers are absolutely giddy over winning one against the “greedy” banks. What consumer wouldn’t want to have their own mortgage wiped out? It’s akin to finding a bag of money that fell off of an armored truck. While [...]

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