Down in the comments was this little gem:
clithunt69 (signed in using yahoo)If it is a Fannie or Freddy loan I don't see the problem in reducing the principal. However a moral hazard exists down the road if real estate makes significant gains in a short period of time and the home owner decides to sell at a tidy profit and move to Ecuador.Let us, in the spirit of x-tian charity, ignore most of the reasons this person is dumb. (Except, Ecuador? Really? I don't even what the.)
However, mister clithunt69, if that is your real name, I must ask a question in a short statement.
Elaborate? Sure, no worries.
To: Mom@geocities.com; Grandma_Margaret@littlebiddy.net
Subject: FW: Christmas Party
Dear Momma and Gammy, thanks for the socks they our great, I love you to so much!Please 'splain? I'm rapt with attention...