2009-01-26 — housingdoom.com
"There has been a "foreclosure prevention" idea that has been kicked around for awhile now. It is to allow bankruptcy judges to alter mortgage loan terms and even to reduce a borrower’s principal balance. I have not seen a short, concise name for this suggested mortgage "cram down" program so I would like to suggest one of my own"
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments:
tvsterling at 21:47 2009-01-26 said:
Most if not all of the GO GO years mortgages were given inflated appraisals which the banks forced the appraisers to write. These cram downs are only JUSTICE. If they won't allow reasonable re-appraisals why not just try them for fraud & send them all to prison. Let's see what good their stolen money does them there. Permalinkadd a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
