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Consumer Law

: Caveat Emptor

By Sam Glover

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Looks like YouWalkAway.com was one of those “right place, right time” startups. Bloomberg reports that foreclosures are skyrocketing as more and more homeowners just give up. Mortgages are secured loans, after all. Banks just never counted on having to accept the collateral instead of the payback. [via Consumerist]

Full post as published by Caveat Emptor on March 06, 2008 (boomark / email).

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