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    March 2010
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Real movement on mortgage cramdown

Bankruptcy news, Real property & mortgages

Two positives today in the quest to allow bankruptcy judges to enforce modification of home mortgages:  Citibank came out in favor of the change.  This seems monumental since it’s been the bankers who have crushed earlier attempts to repeal this safe haven for mortgage lenders.

The second was Obama’s call to move the stimulus bill quickly.

I’ve read the bill and am planning on how to use it when it becomes available.   Upon enactment, it will apply to cases already on file.

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