Question Description
1: A friend of yours, Vince, is having financial troubles. Vince is married with two children and had a high paying job as a professional athlete but is retired and has not found steady employment in his hometown of Akron, Ohio. He owns a house worth $200,000.00, he has $100,000.00 in equity in the home and he has fallen behind $20,000.00 on his mortgage payments. He also owns a 2015 Toyota Highlander valued at $20,000.00 in which he has $10,000.00 in equity and is $2,500.00 behind in payments on the vehicle. Vince does not own any other property
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