{"id":2736,"date":"2008-03-09T11:48:28","date_gmt":"2008-03-09T18:48:28","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=2736"},"modified":"2008-03-09T11:54:20","modified_gmt":"2008-03-09T18:54:20","slug":"principal-reduction-potential-2008-buzzword","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2736\/principal-reduction-potential-2008-buzzword\/","title":{"rendered":"Principal Reduction : 2008 Buzzword?"},"content":{"rendered":"

\"FirstBusinessX<\/a><\/p>\n

Last week, Federal Reserve Chairman Ben Bernanke said banks should\u00a0consider writing-down principal on outstanding home loans to help slow foreclosures. The media is calling it “principal reduction”.<\/p>\n

Every party has something to gain and <\/em>lose with principal reduction.\u00a0 This is one reason why it may be a phrase forever remembered to 2008, much like “dot bomb” to 2001.<\/p>\n

In some interviews, I am pretty interesting.\u00a0 In others, I am fairly dull.\u00a0 Put this one<\/a>\u00a0with the latter.<\/p>\n","protected":false},"excerpt":{"rendered":"

Last week, Federal Reserve Chairman Ben Bernanke said banks should\u00a0consider writing-down principal on outstanding home loans to help slow foreclosures. The media is calling it “principal reduction”. Every party has something to gain and lose with principal reduction.\u00a0 This is one reason why it may be a phrase forever remembered to 2008, much like “dot […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[93,92,94],"class_list":{"0":"post-2736","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-lending","7":"tag-beejal-patel","8":"tag-first-business","9":"tag-principal-reduction","11":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":10783,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10783\/principal-reduction-or-interest-rate-decrease\/","url_meta":{"origin":2736,"position":0},"title":"Principal Reduction Or Interest Rate Decrease?","author":"Jeff Brown","date":"January 9, 2010","format":false,"excerpt":"My stompin' ground is San Diego. When the bubble burst here, the median price for a single family residence was within shoutin' distance of $600,000. To give you some perspective on that number, my first ever listing was a 4 bedroom home in a blue collar area in October of\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5638,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5638\/thus-does-big-mother-make-gonophs-of-us-all-how-to-keep-your-house-by-taking-taxpayers-for-a-ride\/","url_meta":{"origin":2736,"position":1},"title":"Thus does Big Mother make gonophs of us all: How to keep your house by taking taxpayers for a ride","author":"Greg Swann","date":"November 16, 2008","format":false,"excerpt":"This is choice, from the San Francisco Chronicle:To qualify, you must be at least 90 days delinquent and live in the home as your primary residence. You must owe at least 90 percent of the home's value. It's fine if you owe more than it's worth. Your mortgage must be\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3535,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3535\/the-new-real-estate-model-part-1-disbrokeration\/","url_meta":{"origin":2736,"position":2},"title":"The New Real Estate Model – Part 1: Disbrokeration","author":"Sean Purcell","date":"July 28, 2008","format":false,"excerpt":"Ch-Ch-Ch-Changes The Real Estate industry is going through some pretty rapid changes lately. We have everything from Apple\u2019s iPhone to Zillow\u2019s Zestimates. There is a lot of conflict too. Your local Board of Realtors is most likely still trying to throw a fence around listing information, while a wired world\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15290,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15290\/on-the-education-of-an-11-year-old\/","url_meta":{"origin":2736,"position":3},"title":"On the Education of an 11 Year Old…","author":"Sean Purcell","date":"November 8, 2011","format":false,"excerpt":"REWIND: Roughly one month ago, an 11 year old boy was in an altercation during recess. A classmate, known for his \"unorthodox\" playing style, decided to\u00a0turn and throw a ball into his face from nearly point-blank range. This \"unorthodox\"\u00a0classmate apparently thought it was very funny, and as the boy got\u00a0up\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1099,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1099\/whats-the-biggest-myth-when-it-comes-to-investing-for-your-retirement\/","url_meta":{"origin":2736,"position":4},"title":"What’s The Biggest Myth When It Comes To Investing For Your Retirement?","author":"Jeff Brown","date":"March 2, 2007","format":false,"excerpt":"Though I've written posts on this subject before, sometimes my zeal to spread the word is renewed by contrary opinions. Of course, when it comes to how folks feel about this subject, you find that very little real analysis was used. I think the problem at times is exactly what\u2026","rel":"","context":"In "Investment"","block_context":{"text":"Investment","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/investment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2905,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2905\/ask-the-broker-what-relationships-must-be-disclosed-in-a-real-estate-transaction-and-what-are-the-consequences-if-they-arent\/","url_meta":{"origin":2736,"position":5},"title":"Ask the Broker: What relationships must be disclosed in a real estate transaction, and what are the consequences if they aren’t?","author":"Greg Swann","date":"April 5, 2008","format":false,"excerpt":"We haven't done one of these in a while. We get a lot of really good questions, but, for most of them, the answer is the same: \"You need to talk to a really good real estate attorney in your jurisdiction.\" This one is different, with a couple of interesting\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=2736"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/2736\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=2736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=2736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=2736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}