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Bankruptcy

: The Debt Podcast

How Will Mortgage Modification Work under the New Bankruptcy Law?

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How does the (proposed) bankruptcy law, known as Helping Families Save Their Homes in Bankruptcy Act of 2009, actually work? Here is an example: Joe is a successful Jacksonville plumber who is a sub-contractor for ACME Homebuilders.  In June of 2005, he and his wife purchased a house for $440,000 with 80/20 financing.  They have a first [...]

Full post as published by The Debt Podcast on February 01, 2009 (boomark / email).

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