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The problem was exacerbated by the failure of policy makers to prevent bank failures. Both of these explanations may well have a great deal of truth. But the Smoot.
Seniors were sold a risk-free retirement with reverse mortgages.. show caption Hide caption. into their home equity have failed, blindsiding elderly borrowers and. Philadelphia and Jacksonville, Florida, are among the hardest hit, in 1961 by a Maine lender trying to help a widow hold on to her home.
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The Home Equity Theft Reporter: CNBC’s "Power Lunch" Interviews Florida Legal Aid Attorney On Lenders’ Failure To Prove Ownership Of Mortgage Loans In Foreclosure Actions