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[13 May 2012 | No Comment | 2,624 views]
The coming fight over principal reduction

There have been a number of political spats over the past few years among lawmakers with the intention to help Americans through the housing crisis that’s been blamed for everything from falling housing prices to reduced sales.
We’ve seen the federal government bail out banks and attempt to remedy bogus foreclosure practices. We’ve watched the government put tax credits in place for home buyers and regulate the appraisal process in an attempt to make sure home values aren’t exaggerated. There have also been some attempts to help out home owners who …