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Free minder
Join Date: Nov 2001
Location: Middlessex county, MA
Posts: 9,422
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Quote:
Originally Posted by Rick Lee
If you think owing money to a bank that goes out of business or gets taken over means you're off the hook, you're in for a very rude awakening. I think a bank would be far more willing to negotiate with you than the U.S. gov't.
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No, I don`t think I am off the hook, but I think many mortgages are going to be renegociated, and some losses are going to be eaten, so there may be ways to get a better deal. This is just tongue in cheek thinking anyways, my wife would never let me do that...
Aurel
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1978 SC Targa, DC15 cams, 9.3:1 cr, backdated heat, sport exhaust https://1978sctarga.car.blog/
2014 Cayenne platinum edition
2008 Benz C300 (wife’s)
2010 Honda Civic LX (daughter’s)
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