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Real Estate & Property Law

: The Home Equity Theft Reporter

Two Lenders Targeted In Mass. Class Actions Over Toxic "Payment Option, Pick-A-Payment" Loans, Could Slam Brakes On In-State Wells, BofA Foreclosures

By r morris

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In Boston, Massachusetts, The Boston Globe reports:A Boston attorney has filed lawsuits against two major lenders claiming they knew - or should have known - their mortgage loans that can grow bigger over time were unaffordable to borrowers.(1) The suits are being watched locally and nationally because, if successful, they would provide strength to advocates and litigators struggling to make

Full post as published by The Home Equity Theft Reporter on August 06, 2009 (boomark / email).

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