Thursday, September 13, 2007

From the Home Loan Trap -- NYT Today

The penalty “is just an added fee that means more money to the lenders,” said Melissa A. Huelsman, a Seattle lawyer who specializes in predatory lending law. “It is one piece of paper that a borrower signs in a stack of 50 papers. For many people, even if they saw the words, they wouldn’t understand them.”

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