March 2009 - Bankruptcy Mortgage Relief Passes House
Helping Families Save Their Homes Act of 2009, has passed
the House 234-191. This bill, also known as H.R.1106, would allow the modification of mortgages in Chapter 13 bankruptcy.
Foreclosure moratorium in California?
There is a rumor that people cannot have their mortgage foreclosed on right now if they’re a resident of California. While there
is some
grains of truth to this story, the loopholes for this law that is effective
in May are big enough to not make a difference to most people.