Comments on: Bankruptcy Bill That Would Allow the Courts to Modify Mortgages Moves One Step Closer http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Tue, 18 Oct 2011 02:57:27 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: PaulMolinaroEsq http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-15845 PaulMolinaroEsq Sun, 26 Jul 2009 22:07:46 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-15845 The act (or at least a new one like it) is back in the news... it might get through this time... and it will really help homeowners if it does... it couldn't come much later to be of use. The act (or at least a new one like it) is back in the news… it might get through this time… and it will really help homeowners if it does… it couldn’t come much later to be of use.

]]> By: Mike Murphy http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7045 Mike Murphy Fri, 23 Nov 2007 02:10:56 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7045 I believe the following act would solve 90% of today's credit problems.<br /> <br />Home Ownership Act of 2007<br /><br /> <br /><br />Retroactive to 06/01/2007 and all current and future first mortgages on owner occupied dwellings in the United States and its Territories shall bear interest at a maximum rate of (4 ½) four and one half percent. Current first mortgages above this rate will immediately be reset to this rate and the borrower will be credited with any payment in excess of this rate since 06/01/2007.<br /><br /> <br /><br />Simultaneously and retroactive to 06/01/2007 all interest earned on the above described mortgages will non taxable at either state or federal level for income taxes. <br /><br /> <br /><br />Mike Murphy I believe the following act would solve 90% of today’s credit problems.

Home Ownership Act of 2007

Retroactive to 06/01/2007 and all current and future first mortgages on owner occupied dwellings in the United States and its Territories shall bear interest at a maximum rate of (4 ½) four and one half percent. Current first mortgages above this rate will immediately be reset to this rate and the borrower will be credited with any payment in excess of this rate since 06/01/2007.

Simultaneously and retroactive to 06/01/2007 all interest earned on the above described mortgages will non taxable at either state or federal level for income taxes.

Mike Murphy

]]> By: qjrnzlzd http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7044 qjrnzlzd Sun, 11 Nov 2007 11:10:00 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7044 [URL=<a href="http://gzwcfwlj.com]pugacjks[/URL" rel="nofollow">http://gzwcfwlj.com]pugacjks[/URL</a>] ewboxqwi nihzpwyz <a href="http://wuakvpdy.com" rel="nofollow">http://wuakvpdy.com</a> gztiaila bczscbau [URL=http://gzwcfwlj.compugacjks/URL] ewboxqwi nihzpwyz http://wuakvpdy.com gztiaila bczscbau

]]> By: byaopsgi http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7047 byaopsgi Sun, 11 Nov 2007 11:09:48 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7047 <strong>byaopsgi</strong> byaopsgi byaopsgi

byaopsgi

]]> By: plogonot blog http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7046 plogonot blog Thu, 08 Nov 2007 19:22:54 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7046 <strong>plogonot 97 post</strong> all about plogonot and top news plogonot 97 post

all about plogonot and top news

]]> By: plogonot blog http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-1232 plogonot blog Thu, 08 Nov 2007 15:56:04 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-1232 <strong>plogonot 99 post</strong> all about plogonot and top news plogonot 99 post

all about plogonot and top news

]]> By: Moe http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7043 Moe Thu, 01 Nov 2007 22:59:26 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7043 Is it the loan you cannot afford or the home? Big difference. But I wouldn't <IMG src="http://www.kidsbiology.com/images/cat-holding-breath.jpg">. It may take a while. Is it the loan you cannot afford or the home? Big difference. But I wouldn’t . It may take a while.

]]> By: jo http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7042 jo Thu, 01 Nov 2007 05:49:35 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7042 I wonder when this bill will be passed.I want to give up my house already.I have abad loan and in a house I can't afford.We need the new bankrupcy law to change the loan amount and rate so we can continue paying for the house. I wonder when this bill will be passed.I want to give up my house already.I have abad loan and in a house I can’t afford.We need the new bankrupcy law to change the loan amount and rate so we can continue paying for the house.

]]> By: Paul J. Molinaro, Esq. http://loanworkout.org/2007/10/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7041 Paul J. Molinaro, Esq. Wed, 31 Oct 2007 09:46:42 +0000 http://loanworkout.org/2007/10/31/bankruptcy-bill-that-would-allow-the-courts-to-modify-mortgages-moves-one-step-closer/#comment-7041 <a href="http://news.medill.northwestern.edu/chicago/news.aspx?id=66689" rel="nofollow">http://news.medill.northwestern.edu/chicago/news.aspx?id=66689</a><br /><br />Link above gives a nice summary report... And I just love this quote...<br /><br />“We’re starting to see foreclosures on people who have credit scores of 750 and a family income of $150,000,” he says. “It’s not the person, it’s the loan.”<br /><br />In short... "It's the loan, stupid."<br /><br />- Paul http://news.medill.northwestern.edu/chicago/news.aspx?id=66689

Link above gives a nice summary report… And I just love this quote…

“We’re starting to see foreclosures on people who have credit scores of 750 and a family income of $150,000,” he says. “It’s not the person, it’s the loan.”

In short… “It’s the loan, stupid.”

- Paul

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