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On Note Auctions, the Seller is represented by a Loan Sale Advisor and will not be responsible for the payment of cooperating broker compensation. Bidders will be solely responsible for any and all compensation which may be due brokers, advisors, contractors and/or attorneys (collectively, “Assisting Parties”) working on their behalf in connection with Note Auctions and related Note purchases. As a result, Bidders are strongly encouraged to enter into contractual arrangements with their Assisting Parties prior to beginning the bidding process.
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