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Wayne, I think you are right on the money and I'd keep that short! With 80% in no doc "liar loans" and all this neg am, soon these option arms will hit their neg am limit and then they begin to fully amortize - immediately! Typically it's when loan value hits 105 or 110%. Then sit back and watch the foreclosures begin...
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1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2025 Ranger Raptor
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