Mortgage Relief On The Way?
February 27th, 2008Senate Bill 2636 (Harry Reid, D, NV), which contains a provision that would allow for the modification of home mortgage loans in bankruptcy, will be up for a vote by the full Senate next week.
I urge anyone out there to contact your Senators and urge them to pass this legislation and specifically to keep this provision in the legislation.
According to NACBA, the National Association of Consumer Bankruptcy Attorneys this is our best chance at getting real mortgage relief this year! Please ask your fellow attorneys, family members, and clients to do the same.
Obviously, this piece of legislation is strongly opposed by mortgage bankers and their allies. We need strong support from you to get this done!
