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Real Estate Owners Network - REOWN.com
Apr
28
2009

Mortgage Cram-Downs Stripped Out of Rescue Bill

Wall Street Journal Real Estate
Cram-downs are kaput in Congress. Legislation to give bankruptcy judges the power to reduce home mortgage debt--by "cramming down" the principal--doesn’t appear to have enough votes and will be stripped out of a broader housing bill in the Senate.

Read entire article: Mortgage Cram-Downs Stripped Out of Rescue Bill

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