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The third question of the evening is from Amy in Lake Orion, who received a call from a private lender about a mortgage deed that had ballooned, requiring her to pay off the loan within 30 days or face foreclosure. Mortgage deeds are not common in Michigan, suggesting potential issues with the lender's claims. The speaker, well-versed in real estate matters, advises caution and further examination of the situation before taking any actions.
