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Loan Modification

: Mortgage Lender Implode-o-Meter

Surprise Surprise, Big Banks Accused of Mortgage Fraud on Short Sales

By Implode-Explode Heavy Industries

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"...apparently happening quite often recently. Since many second lien holders are getting very little, they are now allegedly requesting money on the side from either real estate agents or the buyers in the short sale. When I say "on the side," I mean in cash, off the HUD settlement statements, so the first lien holder doesn't see "

Full post as published by Mortgage Lender Implode-o-Meter on January 15, 2010 (boomark / email).

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