Some foreclosure-aid funds go to banks, not borrowers - Press of Atlantic City: Southern New Jersey Real Estate - PressofAtlanticCity.com

Some foreclosure-aid funds go to banks, not borrowers

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Posted: Sunday, May 26, 2013 12:01 am

Banks are getting tens of millions of taxpayer dollars through a key foreclosure prevention program to pay down borrower debt, but are also using the money to pay off their own attorney's fees and other costs associated with taking back people's homes.

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