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Homeowners in mortgage trouble need beware "equity stripping," a scam where someone else takes over your deed, borrows as much as they can against the house, pockets the cash, and runs, leaving you to probably still lose your house.
Homeowners in mortgage trouble need beware “equity stripping,” a scam where someone else takes over your deed, borrows as much as they can against the house, pockets the cash, and runs, leaving you to probably still lose your house.
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