So Uncle Sam is going to step in and provide (taxpayer) money to encourage lenders to refinance mortgages at lower amounts for financially troubled homeowners (news story, Feb. 19).
Home prices will eventually rise again. I want to know what happens when, down the road, a bailed-out homeowner sells his home for more than his new mortgage amount. Will the bailout money be paid back, or does the homeowner get to keep a gift from the taxpayers?
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