Blown Mortgage - Latest Comments in Loan Modifications, 5 Things the Government Is Not Doing But Shouldhttp://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenThu, 05 Nov 2009 09:48:17 -0000Re: Loan Modifications, 5 Things the Government Is Not Doing But Shouldhttp://blownmortgage.com/2009/11/04/loan-modifications-5-things-the-government-is-not-doing-but-should/#comment-21939099<p>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)</p>Dean OuelletteThu, 05 Nov 2009 09:48:17 -0000