Thursday, December 10, 2009

Bankruptcy Modification up for Vote in the House

Do you think bankruptcy judges should be able to modify mortgages on peoples homes? Did you know that bankruptcy judges can modify commercial mortgages but have been denied the ability to modify loans on a family's residence?

The House may be voting on mortgage modification in bankruptcy as soon as this afternnon.

If you would like to give lenders some incentive to actually complete some mortgage modifications, please call your representative today:

1. Phone toll free at: 877.354.4958
2. Put in your zip code
3. When you reach the receptionist:State your name and say that you are a constituent.
Ask the Representative to vote FOR the Conyers-Turner-Lofgren amendment (#201) to the Financial Services Reform bill.

This amendment will cost taxpayers NOTHING and will save millions of homes from foreclosure.

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