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To: Ilaine who wrote (60727)9/7/1999 9:44:00 PM
From: tony  Read Replies (2) | Respond to of 86076
 
>and the lender can put a lien on anything they own
now, or in the future

This is not correct. Only liability will be IRS.



To: Ilaine who wrote (60727)9/7/1999 9:48:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 86076
 
CB, if the 125% loan is non-recourse and only secured by the real estate the advise may be correct. In all fairness, I just wonder why they did not suggest to sell some stock??

Go figure New Era.

Haim