Revista Construcción – Conoce los pasos a seguir para conservar su hogar

Por: Por Graudia Torres Lozano / Vicepresidenta de Loss Mitigation Doral

Hoy día, son muchas las personas que están atravesando una situación económica que de forma directa afecta sus compromisos financieros y su hogar no ha sido la excepción. Ante un escenario como este, pudieran sentirse agobiados, quizás hasta llenos de vergüenza. Por eso, es importante que pueda  entender el proceso y las alternativas que existen para que conserve  su propiedad.

Es vital que comprenda  que cada caso es evaluado de forma individual, ya sea por  su situación financiera o el tipo de préstamo actual. Entre otros aspectos, lo importante es que esté  claro de que hay alternativas para usted, siempre y cuando realice  el proceso a tiempo.

A continuación,   parte del proceso al que se  expone y    algunos de los pasos necesarios que nos ayudan a identificar la mejor alternativa que tenemos para usted:

1. Acepte la llamada. La persona que le está llamando es su aliado y tiene el interés de ayudarle a solucionar la situación que le impide cumplir con su pago. Permítale orientarle, esa llamada podría ser la solución a su problema.
Es importante que explique  la situación por la que atraviesa y qué fue lo que le impidió realizar su pago a tiempo.  En esta llamada  le proveerán las opciones disponibles para su caso en específico. Además, obtendrá   información de los pasos que debe  seguir para resolver su situación.

2.  Sustente la razón de atraso. La razón del atraso es crítica a la hora de la aprobación de cualquier alternativa. Apoye con evidencia detallada lo que está causando su atraso. Por ejemplo, si ha  tenido gastos médicos o de arreglo de auto debe  poder someter evidencia de las facturas de estos gastos inesperados.
En el caso de una merma de ingresos debe  sustentarlo con planillas o estados financieros donde se pueda validar la razón del atraso. No olvide  preguntar si necesita  documentación adicional, pues cada caso es único. En ocasiones, al realizar el análisis del caso se podría solicitar más información. Ejemplo: capitulaciones, estados bancarios o poderes legales.

3. Conozca las alternativas disponibles. Es importante que tenga  claro que las alternativas disponibles varían según el inversionista, quien es el dueño de  su préstamo.  En el caso que surja del análisis que tiene  la capacidad financiera de retener la propiedad podemos evaluar lo siguiente:

a. Plan de pagos:  Donde pudiera  aportar su pago mensual y una cantidad adicional hasta lograr llevar el préstamo al corriente. El término del periodo del plan de pago dependerá del inversionista y del tipo de préstamo.

b.  Modificación de préstamo: Una modificación podría incluir la extensión de término, quizá  de 360 meses a 480 meses y reducción de interés. Se busca bajar el pago para lograr que pueda  retener la propiedad y continuar efectuando pagos. Los términos y condiciones de la modificación dependerán del inversionista y el tipo del préstamo que tenga.

Por otro lado, en el caso que surja del análisis que no tienes la capacidad de continuar pagando el préstamo hipotecario, podría tener una de estas dos alternativas:

a. Venta Corta (“Short Sale”): En este caso se vende la propiedad por una cantidad menor a la adeudada.

b. Entrega Voluntaria: Es la entrega de la propiedad inmobiliaria como vía para satisfacer la deuda contraída.

4. Su préstamo es único. Este es un punto importante que debe como cliente tener claro. Muchas veces recibimos clientes solicitándonos que se le otorgue la misma alternativa que se le ofreció a un vecino o conocido que también paga su hipoteca con Doral.

Cada préstamo hipotecario es distinto y único y tiene sus reglas dependiendo del tipo de préstamo que es, o el inversionista dueño del préstamo. Cada uno puede tener reglas distintas y Doral tiene que estar sujeto a ellas.

5. ¿Qué hacer para iniciar el proceso de evaluación? Llame  al 787-474-6491 para orientación y solicite su paquete de “Loss Mitigation”. Escriba a DoralLMG@doralbank.com con los siguientes documentos:

a.     Carta explicando las razones de atraso.

b.     Evidencia que sustente razón de atraso.

c.     Últimos cuatro talonarios de nómina.

d.     Paquete de Loss Mitigation completado en todas sus partes.

e.     Autorización para indagación de crédito.

6.  Comparta esta información con un familiar o amigo. Gente muy cercana a usted pudiera estar pasando por una situación difícil y los pagos  de su préstamo hipotecario pudieran estar en atraso.

Los  expertos de Doral Bank le orientarán sobre los diferentes productos y alternativas hipotecarias y la mejor que se ajuste a tu necesidad. Doral Mortgage (OCIF Lic. IH-006) es una subsidiaria de Doral Bank.

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Americans face post-foreclosure hell as wages garnished, assets seized

(Reuters) – Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.

By now, banks have usually sold the houses. But the proceeds of those sales were often not enough to cover the amount of the loan, plus penalties, legal bills and fees. The two big government-controlled housing finance companies, Fannie Mae and Freddie Mac, as well as other mortgage players, are increasingly pressing borrowers to pay whatever they still owe on mortgages they defaulted on years ago.

Using a legal tool known as a “deficiency judgment,” lenders can ensure that borrowers are haunted by these zombie-like debts for years, and sometimes decades, to come. Before the housing bubble, banks often refrained from seeking deficiency judgments, which were seen as costly and an invitation for bad publicity. Some of the biggest banks still feel that way.

But the housing crisis saddled lenders with more than $1 trillion of foreclosed loans, leading to unprecedented losses. Now, at least some large lenders want their money back, and they figure it’s the perfect time to pursue borrowers: many of those who went through foreclosure have gotten new jobs, paid off old debts and even, in some cases, bought new homes.

“Just because they don’t have the money to pay the entire mortgage, doesn’t mean they don’t have enough for a deficiency judgment,” said Florida foreclosure defense attorney Michael Wayslik.

Advocates for the banks say that the former homeowners ought to pay what they owe. Consumer advocates counter that deficiency judgments blast those who have just recovered from financial collapse back into debt — and that the banks bear culpability because they made the unsustainable loans in the first place.

“SLAPPED TO THE FLOOR”

Borrowers are usually astonished to find out they still owe thousands of dollars on homes they haven’t thought about for years.

In 2008, bank teller Danell Huthsing broke up with her boyfriend and moved out of the concrete bungalow they shared in Jacksonville, Florida. Her name was on the mortgage even after she moved out, and when her boyfriend defaulted on the loan, her name was on the foreclosure papers, too.

She moved to St. Louis, Missouri, where she managed to amass $20,000 of savings and restore her previously stellar credit score in her job as a service worker at an Amtrak station.

But on July 5, a process server showed up on her doorstep with a lawsuit demanding $91,000 for the portion of her mortgage that was still unpaid after the home was foreclosed and sold. If she loses, the debt collector that filed the suit can freeze her bank account, garnish up to 25 percent of her wages, and seize her paid-off 2005 Honda Accord.

“For seven years you think you’re good to go, that you’ve put this behind you,” said Huthsing, who cleared her savings out of the bank and stowed the money in a safe to protect it from getting seized. “Then wham, you get slapped to the floor again.”

Bankruptcy is one way out for consumers in this rub. But it has serious drawbacks: it can trash a consumer’s credit report for up to ten years, making it difficult to get credit cards, car loans or home financing. Oftentimes, borrowers will instead go on a repayment plan or simply settle the suits — without questioning the filings or hiring a lawyer — in exchange for paying a lower amount.

Though court officials and attorneys in foreclosure-ravaged regions like Florida, Ohio and Illinois all say the cases are surging, no one keeps official tabs on the number nationally. “Statistically, this is a real difficult task to get a handle on,” said Geoff Walsh, an attorney with the National Consumer Law Center.

Officials in individual counties say that the cases, while virtually zero a year or two ago, now number in the hundreds in each county. Thirty-eight states, along with the District of Columbia, allow financial institutions recourse to claw back these funds.

“I’ve definitely noticed a huge uptick,” said Cook County, Illinois homeowner attorney Sandra Emerson. “They didn’t include language in court motions to pursue these. Now, they do.”

“A CURSE”

Three of the biggest mortgage lenders, Bank of America, Citigroup, (C.N) JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co. (WFC.N), all say that they typically don’t pursue deficiency judgments, though they reserve the right to do so. “We may pursue them on a case-by-case basis looking at a variety of factors, including investor and mortgage insurer requirements, the financial status of the borrower and the type of hardship,” said Wells Fargo spokesman Tom Goyda. The banks would not comment on why they avoid deficiency judgments.

Perhaps the most aggressive among the debt pursuers is Fannie Mae. Of the 595,128 foreclosures Fannie Mae was involved in – either through owning or guaranteeing the loans – from January 2010 through June 2012, it referred 293,134 to debt collectors for possible pursuit of deficiency judgments, according to a 2013 report by the Inspector General for the agency’s regulator, the Federal Housing Finance Agency.

It is unclear how many of the loans that get sent to debt collectors actually get deficiency judgments, but the IG urged the FHFA to direct Fannie Mae, along with Freddie Mac, to pursue more of them from the people who could repay them.

It appears as if Fannie Mae is doing just that. In Florida alone in the past year, for example, at least 10,000 lawsuits have been filed — representing hundreds of millions of dollars of payments, according to Jacksonville, Florida-based attorney Chip Parker.

Parker is about to file a class action lawsuit against the Dallas-based debt collection company, Dyck O’Neal, which is working to recoup the money on behalf of Fannie Mae. The class action will allege that Dyck O’Neal violated fair debt collection practices by suing people in the state of Florida who actually lived out of state. Dyck O’Neal declined to comment.

In Lee County, Florida, for example, Dyck O’Neal only filed four foreclosure-related deficiency judgment cases last year. So far this year, it has filed 360 in the county, which has more than 650,000 residents and includes Ft. Myers. The insurer the Mortgage Guaranty Insurance Company has also filed about 1,000 cases this past year in Florida alone.

Andrew Wilson, a spokesman for Fannie Mae, said the finance giant is focusing on “strategic defaulters:” those who could have paid their mortgages but did not. Fannie Mae analyzes borrowers’ ability to repay based on their open credit lines, assets, income, expenses, credit history, mortgages and properties, according to the 2013 IG report.  ”Fannie Mae and the taxpayers suffered a loss. We’re focusing on people who had the ability to make a payment but decided not to do so,” said Wilson.

Freddie Mac spokesman Brad German said the decision to pursue deficiency judgments for any particular loan is made on a “case-by-case basis.”

The FHFA declined to comment.

But homeowner-defense lawyers point out that separating strategic defaulters from those who were in real distress can be tricky. If a distressed borrower suddenly manages to improve their financial position – by, for example, getting a better-paying job – they can be classified as a strategic defaulter.

Dyck O’Neal works with most national lenders and servicing companies to collect on charged-off residential real estate. It purchases foreclosure debts outright, often for pennies on the dollar, and also performs collections on a contingency basis on behalf of entities like Fannie Mae. “The debt collectors tend to be much more aggressive than the lenders had been,” the National Consumer Law Center’s Walsh said.

A big reason for the new surge in deficiency claims, attorneys say, is that states like Florida have recently enacted laws limiting the time financial institutions have to sue for the debt after a foreclosure. In Florida, for example, financial institutions now only have a year after a foreclosure sale to sue — down from five.

Once financial institutions secure a judgment, they can sometimes have years to collect on the claim. In Maryland, for example, they have as long as 36 years to chase people down for the debt. Financial institutions can charge post-judgment interest of an estimated 4.75 percent a year on the remaining balance until the statute of limitation runs out, which can drive people deeper into debt.

“This is monumentally unfair and damaging to the economy,” said Ira Rheingold, the executive director of the National Association of Consumer Advocates. “It prevents people from moving forward with their lives.”

Software developer Doug Weinberg was just getting back on his feet when he got served in July with a $61,000 deficiency judgment on his old condo in Miami’s Biscayne Bay. Weinberg thought the ordeal was over after Bank of America, which rejected Weinberg’s short sale offers, foreclosed in 2009.

“It’s a curse,” said Weinberg. “It’s still haunting me. It just doesn’t go away.”

(Reporting by Michelle Conlin in New York; Editing by Dan Wilchins and Martin Howell)

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¡Propiedad de la Semana!

¡Propiedad de la Semana! Condominio New San Juan, Carolina-Isla Verde.

¡Amenidades, Piscina, Privilegiada Localización y Vista al Mar a tu alcance!

Excelente localización, Isla Verde. NEW SAN JUAN. Cómodo apartamento de 2 habitaciones, 2 baños, piso 5, vista parcial al mar a distancia. Seguridad 24 horas, piscina, gym, salón de juegos, cancha, facilidades de laundry y otras. Lobby y demás facilidades atractivas. A “walking-distance”de la playa, hoteles, supermercados y mucho más. Incluye nevera, estufa, microonda, calentador de línea, 1 a/c, sofá cama, cama queen, cama litera.

Precio – $152,000

Información – (787) 522-8777

Para mas fotos de esta propiedad, buscanos en Facebook – https://www.facebook.com/realityrealtypr

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10 Tips to Sell Your Home Fast

With the correct approach and a little work, you can sell your home in record time.


Set yourself up for a quick sale.

The peak homebuying season may be over, but there are still steps you can take to ensure a speedy sale. Setting the right price and making an excellent first impression are both essential to attracting buyers, but what else can you do to get the offers rolling in? Here are 10 tips to help you sell your home as quickly as possible – even in the offseason.

Price it right from the start.

Sellers often think they should start the asking price high and then lower it later if the house fails to sell. But that can result in a slower sale – sometimes even at a lower price. “The first 30 days’ activity of your house being on the market is always the best activity you’re going to see,” says Michael Mahon, general manager of HER Realtors in Columbus, Ohio. If the price is too high, many buyers and their agents will stay away, assuming you’re not serious about selling or you’re unwilling to negotiate.

Enhance your home’s curb appeal.

This could mean adding new sod, planting flowers, painting the front door or replacing the mailbox. Prospective buyers form an opinion the moment they spot the home. “Curb appeal is everything,” Mahon says. “Driving into the driveway and walking into that front door sets the expectations.”

Update the interior and exterior.

New fixtures, fresh paint and updated landscaping are all fairly easy and affordable ways to give your home a makeover. “It’s got to look up to the current market conditions and what’s in style,” Mahon says.

Clean, declutter and depersonalize.

The fewer things there are in the home, the larger it will look, so remove knickknacks and excess furniture. Also take down family photos, religious items and political posters so prospective buyers can envision their family in the house, not yours. Finally, you may want to hire a cleaning service to do a deep cleaning.

Stage the house to show how the rooms are supposed to be used.

If you have odd rooms with no obvious role, give them one. An odd alcove off the kitchen could be staged as an office or a pantry, for example.

Make the property easy to show.

The more flexible you are about visits, the more people will be able to see your home. Be ready for prospective visitors early in the morning, at night and on weekends, with little notice. Also, leave when the house is shown so would-be buyers can feel free to move about without feeling like intruders and discuss the home’s pros and cons honestly.

Remove your pets

Also remove their paraphernalia, such as dog dishes and cat litter boxes (or at least hide them). A prospective buyer shouldn’t even know that a pet lives in the home if you can help it, Mahon says.

Make sure your listing is on all the major online portals.

This is usually part of an agent’s service, but it doesn’t hurt to double-check that your listing is on Zillow, Trulia and Realtor.com. It also helps if your agent showcases the home on social media. “We sell as many homes off Facebook as we do off the [multiple listing service],” Mahon says. Both the agency and the individual agents have Facebook business pages where they share listings.

Ensure the listing has good photos, and lots of them.

Most homebuyers start their search online and decide which homes they want to see based on the photos. You probably want something better than snapshots taken quickly with your agent’s phone.

Share information about life in the neighborhood.

The listing should include photos not only of the house, but also of nearby recreation, dining and shopping areas. If the schools are good, make sure that information is in the listing. “You’re not only marketing the home – you’re marketing the lifestyle,” Mahon says.

Article from: money.usnews.com

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Freddie Mac – Fixed Mortgage Rates Decline

MCLEAN, VA–(Marketwired – Oct 9, 2014) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates falling back near their lows for 2014.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending October 9, 2014, down from last week when it averaged 4.19 percent. A year ago at this time, the 30-year FRM averaged 4.23 percent.
  • 15-year FRM this week averaged 3.30 percent with an average 0.5 point, down from last week when it averaged 3.36 percent. A year ago at this time, the 15-year FRM averaged 3.31 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.05 percent this week with an average 0.5 point, down from last week when it averaged 3.06 percent. A year ago, the 5-year ARM averaged 3.05 percent.
  • 1-year Treasury-indexed ARM averaged 2.42 percent this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.64 percent.

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

Quotes
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.

“Fixed mortgage rates were down on a week filled with bleak forward projections from the Federal Reserve and concern over growth in Europe. Despite gloomy vernacular from the Fed, mortgage purchase applications were up 2 percent on the week and the labor market added 248,000 jobs, beating expectations and lowering headline unemployment to 5.9 percent.”

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.

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¡Reality Realty te invita a vivir en Victoria Village en Bayamón!

Un exquisito complejo en los 129 míl y pagos mensuales desde $ 555.00 (P&I)

Victoria Village es una singular comunidad de 39 apartamentos tipo walk-ups ubicado en Bayamón, PR. Todos los apartamentos cuentan con tres habitaciones y dos baños.

Las unidades de este exquisito complejo cuentan con finas terminaciones, modernas cocinas y puertas de espejo en todas las habitaciones. Además de facilidades para control de acceso, Victoria Village cuenta con un Parque Pasivo.

Este complejo goza de una excelente localización justo en la PR-862, Km. 0.6, entre las principales zonas residenciales y comerciales de la ciudad de Bayamón y con fácil acceso a las principales vías de transporte y la proximidad a importantes centros comerciales, educativos, deportivos y de entretenimiento.

Los irresistibles precios de estas residencias comienzan en los $129,900.00 en el modelo de segundo nivel.

Por tiempo limitado podrá mudarse con mínima aportación escogiendo entre las grandes ofertas y los bajos intereses hipotecarios con pagos mensuales desde solo $ 555.00 (P&I), si cualifica.

Además no olvides que ahora podrás seguir disfrutando del programa de Impulso a la Vivienda bajo la Ley 68 donde podrás obtener en una vivienda nueva: 0 cargos en sellos y comprobantes, 0 pagos al CRIM por 5 años y exención de 100% en contribución sobre ganancia de capital si deseas vender la propiedad.

Para más información llamar al 787-619-7717, 787-787-3244. Las ventas están a cargo por Reality Realty, PSC, Licencia # 053.

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Urge atender el mercado de alquiler

Por: Raul Camilo Torres

El mercado de viviendas para alquiler tiene un nuevo nicho en la economía, con variantes tendientes a la adquisición final de una residencia si así lo desea el cliente.

El presidente de la Junta de Directores de Estudios Técnicos, José Joaquín Villamil, opinó que ante la situación frágil en la venta de hogares, el mercado de alquiler debe ser atendido con mucho detenimiento.

“El plan estatal de vivienda da mucho énfasis a este mercado por razones muy sencillas; es mucho más asequible para personas de ingresos bajos. El mercado de alquiler en la Isla no está organizado debido a las décadas de promoción para la compra de residencias. No existe una diferencia entre la compra de una casa y el alquiler, si lo vemos desde el punto de vista que en muchas ocasiones es una opción muy buena y preferible para cierto grupo demográfico ya sea por edad o por razones económicas”, destacó Villamil.

Por su parte, el presidente de la Junta de Planificación, Luis García Pelatti, hizo énfasis en el terreno fértil que significa el mercado de alquiler justo en momentos que Puerto Rico enfrenta una marcada desaceleración económica.

“En la Isla el mercado de alquiler llega hasta un 30%. La mayoría es propiedad. Si tu comparas con otros países, ese por ciento es considerable. Ahora los requisitos para la compra de una vivienda son muy restrictivos y la inestabilidad en los empleos propicia el mercado de alquiler. Aunque tiene ese 30% en todo Puerto Rico, el alquiler en San Juan por ejemplo, llega hasta el 45%. El mercado de alquiler hay que reforzarlo igual como se hace con la venta de vivienda. Se espera que la reforma contributiva tenga esto presente y favorezca ese renglón. El alquiler no es un problema. Es una solución práctica para muchos”, dijo García Pelatti.

El gobierno reacciona

Como parte de esta nueva ola en el mercado inmobiliario, la Legislatura analiza una propuesta cameral que incentiva esta industria, para apoyar a las personas de bajos ingresos y reactivar la economía de la venta de hogares.

“La radicación del Proyecto de la Cámara 2110 responde a la crisis económica que atravesamos. Por esta realidad económica que particularmente incide sobre el sector de la vivienda y la banca, promovemos la alternativa de insertamos en la nueva tendencia global del resurgimiento del mercado de alquiler. Con este Programa buscamos dar el primer paso y facilitar la adquisición de una vivienda, a través de un mecanismo de alquiler con opción a compra a personas que trabajan, se educan y desean superarse adquiriendo todo lo necesario para establecer su propio hogar”, dijo el representante Carlos J. Vargas Ferrer durante el Vigésimo Segundo Congreso de Vivienda, auspiciado por la Asociación de Bancos de Puerto Rico.

“Programa del Alquiler a la Compra: Apoyando y Promoviendo la Superación” pretende atender a esas personas que confrontan serios problemas a la hora de elegir sus residencias y ante el aumento en el costo de vida, carecen de la estabilidad económica que les permita adquirir viviendas seguras, decentes y sanitarias. Paralelo a ello, la medida pretende disminuir el inventario de viviendas desocupadas mediante un mecanismo más flexible, el cual paulatinamente convierta a los individuos en propietarios de un hogar, a través de un alquiler con opción a compra”, dijo Vargas Ferrer.

El proyecto propone subvencionar con hasta un máximo de $400 a las personas que cualifiquen, por un término no mayor de tres años tras lo cual el 25% de la aportado bajo esta medida será descontado al precio de venta al momento de la compra.

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¡Únete al mejor equipo en Bienes Raíces!

Si buscar una empresa en donde puedas desarrollar tus habilidades como corredor/vendedor de Bienes Raíces… ¡No busques más!

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¡Open House en Emerald Lake!

Open House este Sábado 20 y Domingo 21 de Septiembre en Emerald Lake en Trujillo Alto. Ven y visita nuestra casa Modelo para que deleites tus sentidos en este magnífico proyecto… Cambiara tu Punto de Vista.

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Hazte Propietario con una Inversión Mínima

Apartamentos Cómodos y remodelados, están Preciosos y pago mensual bien cómodo. Aprovecha esta Gran Oferta de adquirir tu propiedad con esta gran oferta. ¡Llama Ya!

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