Ask Your Congressman to Vote for Judicial Modification of Mortgages – Today!
Posted on Mar 3, 2009 in Uncategorized
WILL YOU ACT TODAY? THE TIME IS NOW – CONTACT YOUR CONGRESSMAN. CLICK THIS LINK TO CONTACT YOUR CONGRESSMAN RIGHT NOW.
We at Lakelaw want Congress to give bankruptcy courts the right to modify mortgages in chapter 13. We think that it is better for people to have an honest chance to save their homes even if it takes them 5 years of their hard work to pay the shortfall on their mortgage. We don’t like the idea of a continued foreclosure avalanche.
Mortgage modification is not a free pass. It’s a chance for people to pull themselves up by their bootstraps. Neighbors won’t pay a penny for this. In fact, lenders are better off if people can keep their homes instead of losing them to bankruptcy.