This article is a counterpoint to previous ones the reported about how modifying mortgages in bankruptcy may be an idea worth pursuing:
Now Congress is considering snuffing out this one bright spot by giving judges the power to discharge mortgage debt in bankruptcy and rewrite repayment terms. If enacted, these proposals would increase the cost of homeowner…
Full article is here:
http://www.heritage.org/Research/LegalIssues/bg2242.cfm
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