Mortgage Law Network Contributor Explains Pending Mortgage Modification Bill on Fox Business News
By Jill Michaux, Kansas Bankruptcy Attorney on Jan 12, 2009 in Foreclosure Defense, Foreclosure News, Mortgage Issues In Bankruptcy
Mortgage Law Network Contributor David Leibowitz explains on Fox Business News today the help that will be available to stop home foreclosures in chapter 13 bankruptcy proceedings if the “Help for Homeowners Act” (S 61 and HR 200) is passed by Congress. The legislation is part of the economic stimulus package backers want to pass and have on President Barack Obama’s desk for signature on January 21, 2009.
Click here to watch the Fox Business News interview of David Leibowitz on cramdown of primary residential mortgages in chapter 13 bankruptcy. Read also why Illinois Bankruptcy Attorney Andy Miofsky thinks S.61 does not go far enough to help and protect distressed homeowners from mortgage foreclosure.
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