The Conyers/Turner/Lofgren amendment to allow modification of home mortgages in bankruptcy will reach the floor of the House perhaps as early as today.
You can use NACBA’s toll free phone number to find your Congressman and be automatically connected with the office.
Here’s how:
1. Phone toll free at: 877.354.4958
2. Put in your zip code
3. When you reach [...]
Posts from ‘December, 2009’
Call Congress for Help with Home Loans
Still Hope for Mortgage Modifications in Bankruptcy
Still Hope for Mortgage Modifications in Bankruptcy
A bipartisan group of Representatives will offer an amendment to H.R. 4173 to allow bankruptcy judges to modify the loans of homeowners in a Chapter 13 Bankruptcy. This amendment is very similar to H.R. 1106, the bill that went down to defeat last spring.
If passed, many homeowners will be [...]
San Jose Mercury News urges judicial modification
The national statistics on the woeful number of modified mortgages support the Merc’s call to pass mortgage modification legislation
It’s estimated that a cramdown law could reduce foreclosures by 20 percent. It would cut through red tape by forcing reasonable compromises in bankruptcy courts, which can already modify mortgages on second homes and yachts. Most important, [...]