Social Networking Gone Wild: Foreclosure via Facebook

``On the other hand, the countries which have allowed foreclosure by Facebook haven't had the issues with robo-signing -- the practice, found last fall to be widespread at American banks, whereby lenders failed to even read vast number of mortgage files before foreclosing on borrowers' homes. Nor have they seen the epidemic mishandling of loan modification applications which has plagued the American mortgage servicing industry. And foreclosure notices served at the property are typically the only way renters find out their homes are in danger of foreclosure -- one argument that posting foreclosure notices on the door is a convention that should never be eliminated.''