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Fri Jan 4th 09:22 AM | Rating: 0 0
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Jingle Mail, in Practice

Why would any bank loan this person the $500k? S/he obviously does not take commitments seriously. What happens when the original house, in foreclosure sale is only $350k. Will this person try to walk out of their $500k loan in the new house and move back into the original place, with another $150k lost to the new lender?

I would hope any level headed lender with reasonable standards would realize this person is not worth doing business with. When will they learn.
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