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  • Subprime Revelation: Early Payment Default-ers Just Don't Care  [View article]
    Perhaps the flippers financed more than the purchase price, walked away with the extra cash, and never had any intention of making payments to begin unless the property value kept going up. If values kept going up, they could always refinance and get more cash out.
    Apr 12 10:13 am |Rating: 0 0 |Link to Comment
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