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ramonesfreak ramonesfreak is online now
Born to Lose, Live to Win
 
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Join Date: May 2007
Location: New York
Posts: 9,000
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people bail because they have a variable interest rate and when it changes, they cant make the pmt and because their house is not worth what they hoped it was worth, they can not sell it for profit or borrow against it
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Old 08-27-2009, 12:39 PM
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