Big banks accused of ‘systematic fraud’ in New York foreclosure auctions ...Middle East

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Big banks accused of ‘systematic fraud’ in New York foreclosure auctions

Barbara Small owned a three-family home in Flatbush. She says she was deprived of roughly $24,000 after the home was sold at a foreclosure auction.

An investigation by Gothamist and New York Focus found lenders are using a disputed method of calculating debts in thousands of foreclosures and taking money from hundreds of former homeowners. [ more › ]

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