Real estate blog entries tagged with cram down by Chris Goulart (All California Lending)

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Home : Blogs : Chris Goulart : Chris Goulart's Blog : Tag "cram down"

cram down: New bankruptcy law could lead to more loan modifications - 03/09/09 07:33 PM

There is a lot of buzz going around right now regarding the new bankruptcy legislation. If you have not heard, this legislation is set to allow bankruptcy judges the authority to modify loans on primary residences. While the banking industry is opposed to this legislation, I don't see any way it does not get put into effect.
This bankruptcy legislation is referred to as a "cram down" by the banking industry, but truly it will help to stabalize the real estate markets. Currently homeowners are at their lenders mercy when seeking a loan modification. From my experiences and conversations, the lenders … (1 comments)

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Chris Goulart

Brentwood, CA

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