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Real Estate & Property Law

: The Home Equity Theft Reporter

Bank President Laments: "Never Do Business With Family!" As Improper Notarization Allows Brother-In-Law/Borrower To Successfully Void Lender Mortgage

By r morris

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The following facts have been extracted from a recent court ruling by a Federal Bankruptcy Court in Nebraska that resulted in a borrower successfully voiding a mortgage:Businessman borrows approximately $8,000,000 from Bank.Businessman signs all loan documents.Bank President, who just so happens to be Businessman's brother-in-law, notarizes all loan documents signed by Businessman.Businessman

Full post as published by The Home Equity Theft Reporter on March 18, 2010 (boomark / email).

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