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Non-Arms Length Non Purchases

A real estate transaction in which the borrower is already the owner of the property; and the purpose of the transaction is to refinance the property or to secure additional financing. Transactions included in this category would be agency and non-agency backed mortgages (and deeds of trust) junior loans (seconds thirds etc.) Construction loans Equity loans and Lines of Credit as well as Private Party (non lender) loans.The difference between the Refinance and New Loans category and this category is that a