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In this educational program, the speaker discusses the various types of cash and personal property collateral that may be involved in real estate secured transactions. He highlights that these types of collateral are often subject to different rules compared to real property. The speaker notes a distinctive interplay between personal and real property remedies in the states where he operates, which contrasts sharply with practices in the Midwest and East Coast. He aims to clarify how these laws function together, demystifying the complexities and presenting options for understanding these legal frameworks in real estate transactions.
