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The speaker emphasizes the importance of paying attention to the Novation agreement details and following through with the paperwork and filing a lien. He shares a story about a student who is experiencing problems with a Novation deal, losing control of an asset, and seeking help to resolve the issue. The student found a home while driving for dollars, but the seller is on a reverse mortgage, complicating the situation. The speaker is about to call the student to discuss the problem further.
