Did anyone else get a letter saying their principal would be reduced on their mortgage? This seems to be an urban myth but I thought I'd throw it out there. If you have received a principal reduction loan modification letter then please by all means let me know.
Principal reduction on a loan modifictaion with a letter assuring that the principal would be reduced seems to be a great idea. Maybe it will catch on. Again, by all means, leave a comment about your principal being reduced ona loan mod letter. Thanks!