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Real Estate & Property Law

: The Home Equity Theft Reporter

Short Sellers, Foreclosed Borrowers May Be In For Big Surprise As Collection Firms Scramble To Buy Up Unpaid Loan Deficiencies

By r morris

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In Palm Beach County, Florida, The Palm Beach Post reports:Joshua Rand is the muscle. Not in a busting-skulls, Tony Soprano kind of way. But he does seek to collect, and sometimes even buys, the debt left by delinquent homeowners who walk away from their mortgages - the same borrowers who often assume that a foreclosure or short sale wipes out their loan balance, ending their liability.A

Full post as published by The Home Equity Theft Reporter on June 16, 2010 (boomark / email).

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