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Home › Forums › Housing › Short Refinancing of Mortgages › Thanks contraman, it’s good

April 2, 2008 at 5:26 PM #179877
nostradamus
Participant

Thanks contraman, it’s good to hear insider news. Keep it comin’!

Just two questions:

Are the principal reduction refi’s all going to be recourse type loans?

What happens if the FB sells the house once the principal on the loan is reduced to 90% current value? Looks like a quick 10% profit to me.