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Real Estate & Property Law

: The Home Equity Theft Reporter

Change Bankruptcy Law To Allow For Home Mortgage Cram Downs, Say 22 State AGs

By r morris

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Legal NewsLine reports: A coalition of 22 state attorneys general(1) asked Congress on Tuesday to loosen U.S. bankruptcy rules so judges can modify home loans to help reduce the tide of home foreclosures. In a letter to U.S. House and Senate leaders, the attorneys general called for an amendment to the U.S. Bankruptcy Code so federal judges can adjust home mortgages just as they can most other

Full post as published by The Home Equity Theft Reporter on January 07, 2009 (boomark / email).

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