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Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home. Is applicable to a second home.

Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home. Is applicable to a second home.\ Is not likely to trigger cancellation of debt income.\ Occurs when the bank takes the home from the borrower to satisfy the mortgage debt.\ Mark for follow up

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Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home. Is applicable to a second home. Is not likely to trigger cancellation of debt income. Occurs when the bank takes the home from the borrower to satisfy the mortgage debt. Mark for follow up

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