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Ryan Serhant: The 2023 Housing Crash, Billionaires Exposed, Selling Everything

The Iced Coffee Hour

00:00

The Do on Sale Clause Is Rarely Enforced

It's too bad that loans aren't as zoomable. Like if someone was able to sell that 3% loan, it would be worth a lot of money. There are markets where you can do that and you can do it in commercial. It makes properties even more valuable because you're perching someone's rate residential. The only thing you can assume is you can assume the amount of the loan and therefore bypass what is in New York City called the mortgage recording tax of 2%.

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