Do you think Bankruptcy judges should cram-down mortgages?

  • Thread starter Thread starter Paul C
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Paul C

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Cram down is when the a loan principal is reduced because of the value of the home is worth less than what is owed. The theory is that if a mortgage is foreclosed, the lender will only be able to sell the property for its value, if best. By using cram-down, home owners will pay a lower payment, saving their home.
 
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