Blown Mortgage - Latest Comments in Facebook used to deliver foreclosure notice

Re: Facebook used to deliver foreclosure notice

Morgan Brown — Thu, 25 Dec 2008 01:09:37 -0000

I imagine privacy advocates will be diligently at work defining rules as to how debt recovery agencies can collect online via social networks, personal web sites and forums. There are strict rules regarding debt collection via telephone, mail and in-person; and I imagine that these protections will eventually be afforded to online identities/presences as well. Interesting development though for sure!

Re: Facebook used to deliver foreclosure notice

BWare — Wed, 24 Dec 2008 17:23:46 -0000

That is absolutely scary!! When one thinks about the amount of intelligence that can be gathered online, it shouldn't be surprising that creditors -- nefarious or otherwise -- would leverage the social networks and exploit it to twist arms.

We have certainly transcended the technologies that applied during the heydays of Guido and his Louisville Slugger.

BWare
http://www.subprimeloananal...