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4,500 AHM borrowers face tax liabilities, foreclosure
Freddie Mac, a government-backed mortgage buyer, has filed court papers claiming bankrupt Melville-based lender American Home Mortgage's handling of the loans it continues to service have exposed more than 4,500 borrowers to increased tax liability and possible foreclosure.
There is "the imminent risk that borrowers' insurance policies may lapse for non-payment, and real property tax bills...
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