Banks in 4 Countries Are Using Facebook to Issue Foreclosure Warnings

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Mortgage lenders in Australia, New Zealand, England and Canada have all won permission to issue foreclosure notices via Facebook messages — and the trend could soon spread to the U.S., writes Tara-Nicholle Nelson. In America, electronic communication usually requires consumers’ prior permission, but it’s possible mortgage lenders could soon tweak their terms and conditions to ensure they’re able to issue foreclosure warnings via social sites, Nelson suggests. Spotted on the TIME/Moneyland blog.

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