bankruptcy mortgage cram down

[mage lang="en|de|en" source="flickr"]bankruptcy mortgage cram down[/mage]
Do you think that bankruptcy judges should cram-down mortgages?

Cram down is when the principal is a home loan is reduced because the value is worth less than what is owed. The theory is that if a mortgage is excluded, the lender will only be able to sell the property for its value, if, at best. The use of CRAM is down-home owners pay a lower payment, save their homes.

Yes, I think bankruptcy judges this option should (They do not, of course, should be required to do so in all cases) have. Right now, secured loans by the borrowers primary residence loans are only for this option is not in bankruptcy. Loans up to 2 Real estate, rentals, boats, campers, trailers secured semitractor, and everything under the sun already crammed CAN up in bankruptcy – the only kind of loans, which can not, is a mortgage that is secured by the debtor's primary residence. This lone exception to the general rule does be absolutely no sense and should be repealed, in my opinion. The lender will not be any worse in that, and perhaps come away better (not on the cost the sale will have a borrower with which it has already a history, and who keeps the house, etc required), and individuals and neighborhoods are definitely better from (I'd rather live in a neighborhood with several houses from homeowners who filed for bankruptcy and stuffed their mortgages than the same number of banks or absent Real estate speculators property, often held by a terrible job of nursing. The overgrown grass, graffiti, remove to garages, etc. down everyone's property values, including me).

Stimulus Package and Cram-Down

CRAMDOWN: Renegotiating Mortgages, Car Loans, Student Loans, Credit Card Debt, Taxes & Other Obligations in the Age of Wall Street Bailouts $9.95 This fall, Silver Lake Publishing is “crashing” into retail stores a new book on loan mods and other renegotiations. CRAMDOWN: Renegotiating Mortgages, Car Loans, Student Loans, Credit Card Debt, Taxes & Other Obligations in the Age of Wall Street Bailouts follows in the series that has included the national bestsellers Identity Theft and Scams & Swindles. This is the first comprehensive book on t…