Right now bankruptcy judges are allowed to “cram down” (reduce the principle) on second home mortgages, investment property mortgages, and even mortgages on yachts.  But they cannot touch the terms of a residential mortgage.

As we have [...]; . . . → Click Here to Read the Full Article

President Obama has finally (Feb 18th) announced his long awaited plan to help homeowners prevent foreclosure. This will benefit not only those who cannot pay their mortgages, but also those whose home values have been depressed [...]; . . . → Click Here to Read the Full Article