DISQUS

Blown Mortgage: Loan Modifications, 5 Things the Government Is Not Doing But Should

  • deanouellette · 1 month ago
    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)