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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Jon Tara who wrote (12192)4/19/2004 5:00:07 PM
From: Haim R. Branisteanu  Read Replies (1) of 110194
 
Thanks John, what I was told that the builder did get their own mortgage and did not finance their clients.

The clients who purchased the "to be build" apartments got financing of 90% of the purchase price at 4% (I assume it is an ARM)

Will PM you the site
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