House Bill Would Allow Bankruptcy Courts to Modify Mortgages

posted by   ruchir (1089)   11 months ago (loanworkout.org)

This Bill right here would stop foreclosure hundreds of thousands of homeowners and save them from their toxic mortgages that are eating them alive.Under loan modifications, the lender and loan-servicing company change the mortgage terms to make them more affordable to the borrower. This can include lower interest rates and forgiving a portion