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for the last time, NO mortgage modification in bankrupcty!

Foreclosure and More Foreclosure

On March 30 Congress made it official. H.R. 200, the “Helping Families Save Their Homes in Bankruptcy” Act of 2009 was put down once and for all by a narrow margin in the Senate.

Pity. It turns out the Act would have gone a long way towards leveling a very uneven playing field. You can read about some of the (relatively) radical aspects of the bill in this summary from govtrack.us.

Now for the last time, stop fantasizing that the Federal Government is going to save your house and just hire a bankruptcy lawyer already.

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3 Responses
  1. mis sold mortgages

    If you are facing losing your home, were you mis sold your mortgage.

    Many mortgages arranged through brokers were fabricted. You could have a mis sold mortgage

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