how snafus can upend a mortgage

snafus: minor paperwrok slipups can be enought to get a recession --under a recission, while a homeowner still owes the principal, the lender won't be able to foreclose. Plus, all loan-related fees and interest that were paid are substrated from the principal. --After a recission, the borrower must pay off th eloan, typically with a new mortgage, or sell the house. Other times, lenders will modify the terms of a mortgage instead of doing recission. --It is available only to people who refinanced their original mortage on their primary residences. --Many seemingly small foul ups can qualify. If the APR, or annual percentage rate, is off by a fraction of a percent between the preliminary and final loan docuemtns, the loan may be rescindable. Same goes if the total in fees is off by more than $100.