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sem1

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sem1

Re: M_T_Pockets post# 26832

Thursday, 10/13/2011 2:31:28 AM

Thursday, October 13, 2011 2:31:28 AM

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MTP,
Actually you own only profit , if any, after you made a lease payment to the bank. Bank owes your property till you will make your last payment. Till then bank can take possession of your property at any time should you default on you payments. General rule is you own only equity if any, till you satisfy the hole note including interest.
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