06 March 2009
House Approves Cramdown Legislation
The vote was 234-191 to give bankruptcy judges to right to modify mortgages on primary residences in bankruptcy.
Not only will this help bankrupt home owners, but it gives other folks a stick to bring their banks to the table.
Happy dance.
Not only will this help bankrupt home owners, but it gives other folks a stick to bring their banks to the table.
Happy dance.
Labels:
Congress
,
Finance
,
Legislation
,
Real Estate
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