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The principal reduction is to prevent homes going to foreclosure and flooding the market with low priced homes. The decreased appraised value of your home in the same area of these foreclosed homes far out weight the tax that you would pay for this principal reduction.
So then you can piss and moan that your house is worth nothing.
The people that take advantage of this for no cause are scum or opportunity seekers.
Posted from my iPhone/Mobile device
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