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January 28, 2009

Manager's Proposed Amendments to HR 200

You can access the proposal here.  The right to modify a home mortgage would be limited to existing mortgages.  If the debtor sells the residence during the plan period, the creditor would get some of the excess proceeds if any.  The amendment will still apply to existing bankruptcy cases. 

January 28, 2009 in Legislation | Permalink

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Comments

Why should this make things change, does anyone remember the similar effort back in 2007

http://www.fhaloanpros.com/2007/12/fha-mortgages-house-committee-passes-bankruptcy-reform/

Posted by: Laser Haas | Jan 28, 2009 7:36:11 PM

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