In-depth look at mortgage elimination schemes - 2005-01-27
A lender in Florida last November was unmoved by various property documents filed by a group that claims to discharge mortgages for consumers, and instead issued a foreclosure notice against the property trustees.
Thousands of Web sites have shown up on the Internet promoting methods to instantly eliminate home mortgages and other forms of debt. To participate, consumers typically have to pay up-front fees, and take part in the preparation and filing of various property documents that purport to wipe out debt.
Read the full story at Inman.com