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Arbor Realty Trust, a multifamily and commercial mortgage lender, recently funded a Fannie. 5-story mixed-use property.
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In Ramblewood East, lenders have to wait 30 days after the due date before a vehicle can be repossessed. Lenders are also required to give the borrower ample time to prepare for the repossession. The borrower needs to be notified at least 10 days before the lender sells the car. This notification should include the date, time and place of the sale.