This discussion board is open for any questions or comments in a new thread, but please address the following:
1. What happens when a secured party and an unsecured party claim security interests in the same collateral? Is that fair? Why or why not?
2. How might a notice of default and foreclosure actually benefit a debtor who is behind on payments?
3. Should the federal government regulate the advertising of real property and mortgages on the Internet to protect consumers from potential fraud? Why or why not? If so, what kind of regulations would be appropriate, and how might they be enforced?