Closed End 2nds
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Closed End 2nds

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Transaction Types

Section 4.0 Transaction Types

4.1 Eligible Transactions

Purchase
Rate & Term
Cash-out

4.1.1 Cash‐out Seasoning

Properties owned over 6 months, no restrictions. Properties owned less than 6 months ineligible.

4.2 Non‐Arm’s Length

Non-arm’s length transactions ineligible.

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