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Morgage law changes

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    Morgage law changes

    I've been away from the forum for a while was wondering if anything has changed relating to changing or lowering interest rates on Mortgages thru BK.

    I did a rewrite 4 years ago and now the interest jumped to 5%, and is very underwater, with a second that hasn't been paid in 4 years.

    So I was looking to see if any 7 or 13 could now help.

    #2
    I'd be more concerned about the 'very underwater' part than an outstandingly low 5% rate. I've not seen anything to suggest that cram-downs are likely anytime soon.
    Chapter 7 Filed 1/4/11
    Discharged No-asset 4/1/11
    And definitely NOT an attorney.

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