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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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If he sells at a loss, he still has to cover the difference between the sales price and the loan amount. Really no better than refinancing now, and then he doesn't have a place to live...
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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