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Re: Lazarus post# 22246

Wednesday, 02/18/2009 10:23:45 PM

Wednesday, February 18, 2009 10:23:45 PM

Post# of 33753
Laz,

Besides "principle reduction" is EXACTLY what the banks are getting in 98% of the foreclosures and "short sales."

Although reality may dictate that the bank is taking a principle reduction, the former homeowner is also punished by losing the property and not rewarded by retaining the property and the potential for future gains. I completely disagree with a principle reduction program.

Mat
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