About Consider this: suppose you were delinquent on you mortgage payments. And suppose the bank was not able to contact you or to find you. Perhaps you have moved and left no forwarding address or phone number.
So, if they were to serve you foreclosure or other papers, how could it be done?
Would you think Facebook?
Think again. It has already happened in Australia.
A couple in Canberra defaulted on a six-figure loan. A lawyer acting for the lender could not trace the couple at their home or via email. So he applied and was granted the right to serve legally binding documents on Facebook.
Read more:
http://www.abc.net.au/worldtoday/content/2008/s2447627.htm
http://www.guardian.co.uk/technology/blog/2008/dec/16/facebook-repossession-australia