Comments on: Loan Modifications, 5 Things the Government Is Not Doing But Should http://blownmortgage.com/2009/11/04/loan-modifications-5-things-the-government-is-not-doing-but-should/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Mon, 09 Nov 2009 22:42:54 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: deanouellette http://blownmortgage.com/2009/11/04/loan-modifications-5-things-the-government-is-not-doing-but-should/comment-page-1/#comment-73070 deanouellette Thu, 05 Nov 2009 12:48:17 +0000 http://blownmortgage.com/?p=3803#comment-73070 Question on number 2 principal reduction<br>Loan 300k<br>House worth 150k today so govt forces bank to do principal reduction to 150k<br>Owner sells house in 7 years for $320k, do they owe the bank the 150k or do they owe the bank the 300k (minus principal paid in the next 7 years obv) Question on number 2 principal reduction
Loan 300k
House worth 150k today so govt forces bank to do principal reduction to 150k
Owner sells house in 7 years for $320k, do they owe the bank the 150k or do they owe the bank the 300k (minus principal paid in the next 7 years obv)

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