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Foreclosure ruling sends message to lenders
Quick Read"This case shows the change in the tide as to the sentiment about mortgage foreclosures in general," said Woodbury bankruptcy attorney Craig Robins.
Photo credit: AP | Home owners protest Indy Mac bank, in front of the offices of OneWest Bank Center, who previously bought home loans from Indy Mac bank. (November 24, 2009)
A Suffolk judge's decision to wipe out the mortgage debt of a foreclosed-upon East Patchogue couple may send a message to predatory subprime lenders that unless they work to save their customers' homes, they stand to lose everything, some real estate attorneys said.
"This case shows the change in the tide as to the sentiment about mortgage foreclosures in general," said Woodbury bankruptcy...
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