Northern California Mortgage Mods

Posts on ‘March 5th, 2009’

Compromise Reached on Housing Bill

A compromise was reached on House Bill 1106- the Housing modification bill. Bankruptcy judges will still have the authority to modify a mortgage in a chapter 13 bankruptcy, but under more limited circumstances than as originally proposed.
The two most significant changes in the compromised package are that the “crawl back” provisions will last for four [...]