Posts on ‘September 12th, 2009’

Mortgage Modification Bill Back on Track
Legislation to allow bankruptcy judges to rewrite the terms of mortgages is being considered again in Washington.  Senate House Financial Services Chairman, Barney Frank (D., Mass.), is planning on attached such a bill to a financial regulatory overhaul scheduled to be introduced later this year or early in 2010.  Such [...]

The flurry of advertisements on the TV promoting people who promise loan modifications suggests that modifications are available if you just know how to do it right.
My experiences suggest that it isn’t so.  If there is a theme I hear in talking with clients who’ve sought loan modifications is that they can never get through [...]