February 12, 2012

Fight building over judges redoing mortgages

Fight building over judges redoing mortgages

Bank repo, foreclosure and for sale signs sit outside a home in Houston, Jan. 20. Congressional Democrats say the quickest way to save homeowners is to let them declare bankruptcy and allow judges to dictate new mortgage terms.Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms.


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