Legislators Consider Mortgage Modification During Bankruptcy Again
… has failed to deliver and many homeowners and legislators are ready to get more aggressive with mortgage lenders. Last year it seemed almost certain that legislation would pass allowing homeowners to modify their toxic mortgages during bankruptcy; but the measure fell 15 votes short of passage in the Senate. The bankruptcy bill had strong support amongst ordinary Americans; but banking giants and their supporters strongly opposed the measure claiming that it would lead to high interest …
Comment by Jim Ince: … to the mortgage companies!
Tags: Bankruptcy foreclosure Mortgage
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