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Slide erased their homes, but maybe not their loans – The Seattle Times

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Slide erased their homes, but maybe not their loans
The Seattle Times
Because mortgages are legally binding contracts, homeowners are still responsible for full repayment of the loans, even if the homes are gone, said Lyn Peters, a spokeswoman for the state Department of Financial Institutions. The state is advising ...
Local bank to forgive loans on cars, homes destroyed in slideKOMO News

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