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Behind the Scenes – Changing The Bankruptcy Laws To Protect Homeowners
Here’s an email I received from NACBA about the on-going attempts to change bankruptcy law to allow for modification of home mortgages. Presently you can only reinstate them. Believe it or not, you can modify a vacation or investment home in Chapter 13 bankruptcy, but not a home mortgage. The present laws help rich people […]
Will The Government Freeze Mortgage Rates And Change The Bankruptcy Law To Help Homeowners?
There is a lot of talk now about the Federal government stepping in to help stop the growing foreclosure crisis. Two measures being discussed are to freeze interest rates (to help those who have adjustable rate mortgages) and to change the Bankruptcy Code to allow for the modification of residential mortgages in Chapter 13 plans […]
Behind the Scenes – Changing The Bankruptcy Laws To Protect Homeowners
/in Foreclosure & Loan Mod Blog /by Scott LaninHere’s an email I received from NACBA about the on-going attempts to change bankruptcy law to allow for modification of home mortgages. Presently you can only reinstate them. Believe it or not, you can modify a vacation or investment home in Chapter 13 bankruptcy, but not a home mortgage. The present laws help rich people […]
Will The Government Freeze Mortgage Rates And Change The Bankruptcy Law To Help Homeowners?
/in Foreclosure & Loan Mod Blog /by Scott LaninThere is a lot of talk now about the Federal government stepping in to help stop the growing foreclosure crisis. Two measures being discussed are to freeze interest rates (to help those who have adjustable rate mortgages) and to change the Bankruptcy Code to allow for the modification of residential mortgages in Chapter 13 plans […]