Bankruptcy Law Center: LexisNexis Current Topic Insights


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Bankruptcy Law Center

9/11/2009 11:22:03 AM EST

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9/11/2009 11:45:26 AM EST

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Mortgage Modification

Should Courts be allowed to modify mortgages on oversecured property?

Yes-ALL terms of a mortgage should be modifiable

Yes-But LIMIT changes, e.g., to interest rate, etc

No-Modification interferes w/contract expectations

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