The U.S. Supreme Court on Tuesday 01/12/2015, ruled that borrowers merely need to notify creditors in writing of their intention to rescind their mortgages within three years under a key fair lending law, potentially making it easier for them to walk away from underwater homes.
For additional information : http://www.bloomberg.com/news/2015-01-13/homeowners-win-u-s-supreme-court-clash-on-canceling-mortgages.html
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