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September 04, 2009 | | Comments 0 | Filed Under: DailyForeclosureGovernmentNewsWall StreetWorld

Foreclosure-prevention company: A rescue or rip-off?

How’s this for a business plan to make money during the housing bust? You buy or rent lists of recent default filings from across the country – thousands of people who have been notified by lenders that if they don’t get their mortgage payments back on track, the next step will be foreclosure.

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