As you, can imagine a judicial foreclosure epidemic with the nation in the grip, banks are very anxious, mortgages gone bad unloaded. She will do, whatever is legal, what can they from a foreclosed home. Do what is ethical? Irrelevant!Take for example the beach family in California. They took from their home Paidoff in addition to $98.000 and bought, what they thought was a foreclosed property at auction courthouse. In fact, they bought a second mortgage-a useless piece of paper - and remained with virtually no refuge.
The strands were clever enough to to get the media involved, which of course to the Bank suddenly openness to negotiating a settlement led.
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