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Loophole Gets Couple a House for Just One Payment

Facing foreclosure, they discover a 123-year-old law

By Evann Gastaldo,  Newser Staff

Posted Mar 17, 2011 12:11 PM CDT | Updated Mar 20, 2011 4:30 PM CDT

(Newser) – Thanks to a loophole in Iowa law, Matt and Jamie Danielson now own their $278,000 home outright—for the cost of just one mortgage payment. The Danielsons fought foreclosure—and won—by citing a 123-year-old law that requires mortgages be signed by both spouses....   Read full story »

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