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In this video tutorial, the speaker discusses issues related to Novation agreements, particularly when they fall apart. They express that problems often arise from failure to follow proper procedures, such as filing necessary paperwork and liens. The speaker mentions a student who has reached out for help regarding a troubling Novation agreement and lost control of an asset. The speaker plans to contact the student for more details about their situation, which involves finding a property through driving for dollars and dealing with a seller on a reverse mortgage.