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Old 01-21-2010, 02:48 PM   #5
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
That's the way it's been working in Philadelphia, with court appointed arbitrators.

The other program is the mortgages the fed already owns. There a reduction in the terms, the fed (taxpayers) will have to eat. But there again, it's better to get less, than own an unsellable house sitting empty.

Worse yet, they might give them to those wretched homeless people. cue Dana
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