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The speaker discusses a Novation deal that is falling apart, indicating that issues typically arise from mistakes in the paperwork or failure to file a lien. They mention receiving messages from a student experiencing difficulties with a Novation agreement, suggesting the student lost control of the asset. The speaker decides to call the student to understand the situation better. During the call, the student explains how they found a property while driving for dollars, mentioning the seller's circumstances, including that the seller has been on a reverse mortgage for several years. The focus is on addressing the student's problems with the Novation agreement.