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Once the mediation fails, as, throughout my experience, most foreclosure mediations do, responses to your complaint are resolved if necessary, the bank will have a summary judgment hearing to your matter. As well hearing, a person have real defenses on the mortgage or amount due, a Final Judgment of Foreclosure will issue. Could this be when your bank takes the house? No. Overdraft protection was a wonderfully-lucrative invention by loan institutes. Gaining in widespread popularity in the 2000s, overdraft protection was devised in order to protect bank customers