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Wait until they start asking for the cash back the borrowers took out in equity. that's a typical response to these scenarios- they will offer to unwind if the money taken is returned.

The other issue is that more than a few notes will be nullified when they find they can't produce the original agreement. It's been traded hands so many times the existing lienholder may not a a clear lien on the house.
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Old 07-07-2008, 12:40 PM
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