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You are making it very simplistic. Does it not take about approx 10years for NegAm to catch with the value of the house including appreciation? if there is any that is?
Sep 09 11:26 am
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All Comments by Sam »Negative Amortization and Interest Only: The Next Mortgage Bomb? [View article]
so the time frame for 2006 negam loans would be 2016 when who knows what will be the price of Real Estate????