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Novation

• Defeasance whereby the firm's debt is canceled.

 
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 Debt
Defeasance

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

The possibility that we may fail in the struggle ought not to deter us from the support of a cause we believe to be just. - Abraham Lincoln

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