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Banks roadblock to foreclosures

Posted on Jun 1, 2011 by CHESSNOID in Economy, Foreclosures, Recession, housing bust, housing market | 0 Comments

Some people are now challenging banks to prove they actually own the mortgage note they are trying to foreclose on. This is a good strategy to stall foreclosures since many banks will have difficulty acquiring the original papers and the chain of command on these debt paper.

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