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AR15.COM
10/1/2008 6:23:35 PM EDT
If the bailout helps homeowners in danger of foreclosure but they paid way too much for the house. Why would they want to continue to pay for an overpriced house? And if the principle amount to the house is reduced for them what happens when the house appriciates again? O
10/1/2008 6:29:20 PM EDT
[#1]
I believe the .gov purchases the house loan at the reduced rate and then when the market turns around they'll attempt to resell these loans for a profit. I'm not sure exactly how the homeowner is affected my the change in the houses price, good questions.