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August 14, 2007

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Reginald

Very sad to hear this story. mortgage brokers
often are licensed to do business in many states. More states than they could ever possibly know all the rules and regs

Jack Payne

What a horror story! A last-minute $26,000 shock? Sad to say, this sort of thing happens every day. When I sold a house (from California) located in New Mexico to a house-flipping mortgage broker in Texas in 2002, same thing nearly happened to me. When a buyer for the house in New Mexico hit them for a multitude of undisclosed charges, they tried, in turn to collect from me. Luckily, I was able to cut them off at the pass.

I write on con men and their games of all kinds. Have been doing this for the past 45 years.
Sadly, this curent subprime mess is about the ugliest I've ever seen. And, undisclosed charges enters, large, into it.

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