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Delinquent Homoaner Defaults on Mrotgouge; Wipes Out His Own CDO

This is a syndicated repost published with the permission of eCONomic Scuttle Butt. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Two years ago when Jimmy Doofman purchased his new De La La Estates home at 1419 Blasienna Circle for $500,000 he felt sure it would appreciate quickly, enabling him to flip it for a nice profit.

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