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 …
Posted in Bankruptcy, Foreclosure, Mortgages, Regulations February 27th, 2009 by Jack | Comments Off
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 …
Posted in Bankruptcy, Foreclosure, Mortgages, Regulations February 19th, 2009 by Jack | Comments Off
