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Im really an ignorant Man...and I humbly admit to it..
I have worked hard all my life struggling to over come my mistakes and downfalls financially.
Several years ago I got in trouble with debt load of my business and was forced to sell my origional and completely paid for home we used as rental property.
It was a small starter home of 820 square feet but in a very quaint and quiet neighborhood in a small rural town. I gave first offer of sale to the renters whom had been faithful and dependable for 4 years at a fair below market value price. I later found out that by finagling the couple were able to get a government sponsored loan ( Freddy Mac ) for 3%.
Now Here is the rub for me..and I apologize if I seem petty or self centered..But here I am being forced to liquidate a tangible asset to satisfy a loan debt at 12 % mind you and now I am also helping bail out borrowers that benefited purchase of government backed loans on my required liquidation.
Im sorry but Next time I have business cash flow and payment problumes I guess all of you are going to bail me out too?
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