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Wednesday, September 19, 2007

Homeowners Face Foreclosure As Local Company Folds

IMAGE MASTERS, INC, a Lancaster, Pennsylvania mortgage brokerage files for chapter 7 bankruptcy. The filing is of concern to consumers due to a service offered by the company called the "Equity Slide/Wrap-Around-Mortgage program". Evidently, this program caused the brokerage to act as a middleman between the consumer and the mortgage servicer.

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