Mortgage Cram Downs in Bankruptcy
Written by Victoria Ring on November 21, 2009 – 8:47 pm
Do your part to help save homes across America
As you are aware, homeowners across America continue to suffer from mortgages that are under water. An example of an underwater mortgage is: Home is appraised at $300,000 but $500,000 is owed on the first mortgage and $100,000 is owed on the second.
If the bank repossessed the [...]