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If you fail this test , the cash flows that we'd get since the equity holder inside the deal are actually re-routed to amortize the more senior bond holders until we has inaudible back in the components.
For more detail, I recommend this content I linked to by Nancy. Your concentrate on value ought to equal this volume or a smaller amount And really be sure to contemplate your deposit and closing costs--you need to produce that dollars somewhere. Cash will probably be rewarded to whoever successfully negotiates that loan modification. The borrowers should wait for getting the mail on their e-mail address.
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