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Real Estate & Property Law

: Housing Wire

Cram-Downs Pass House Panel; Head to Vote

By DIANA GOLOBAY

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The House Judiciary Committee on Tuesday approved a measure for so-called “cram-down” provisions that would allow bankruptcy judges to change the terms of a mortgage by reducing the interest rate, extending the life or lowering the principal or loan balance as part of a bankruptcy debt restructuring plan. The bill passed the panel’s approval 21 [...]

Full post as published by Housing Wire on January 28, 2009 (boomark / email).

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