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Those irresponsible borrowers are not getting off scot-free
#6
MacMagus wrote:
So, citizens who need help with their mortgages will owe 50% of the home's value to the government even after the mortgage has been paid off

No, 50% of the initial equity, plus 50% of any appreciation minus closing expenses and a percentage of improvement costs.
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Re: Those irresponsible borrowers are not getting off scot-free - by Black Landlord - 10-20-2008, 04:32 AM

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