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Originally Posted by eurobounce
I dont understand your point here. I have had several loans with nothing to put up. All I had was my credit, reputation and assests. The difference here is that they NYRA is not even sure they own the collateral they were putting up.
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Sure Euro,
No question about credit for nothing. I've done the same. (Credit cards, more).
When you're talking big bucks, you need something.
Even if NYRA is bluffing that they have what they're putting up...let the lawyers sort it ot. They'll take their cut.