tag:blogger.com,1999:blog-6295084548093377051.post4002695026691963963..comments2023-07-06T07:24:13.608-04:00Comments on Drew's Mortgage News: Reality of Realty – Detroit Metro Sales are Up, but. . .Drew Sygithttp://www.blogger.com/profile/18001992426038787015noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6295084548093377051.post-74047190950186060682009-06-20T10:55:23.145-04:002009-06-20T10:55:23.145-04:00Drew- I am new to blogs and posting on blogs but ...Drew- I am new to blogs and posting on blogs but I am intrigued by your articles. <br /><br />I am really interested in how principle reductions work on loan modifications. I have a friend who did a loan modification with a company called www.carrotpeel.com He claimed they did a good job and go his payment down via rate reduction and longer term but there was no talk of principle reductions. How do they work and can you get a 20% reduction that is cleared from your loan or just hidden only to surface at the sale?Anonymousnoreply@blogger.com