There are no mechanisms in bankruptcy that would force a mortgage company to modify the terms of their note. They have a contract, you signed on the line, you agreed to pay, they agreed to give you the money. There’s no mechanism in the bankruptcy code that forces a creditor to do that. However, what we found in this climate, in this economy, that mortgage companies are coming forward and they’re offering clients deals, whether it be a 7 or 13, to modify and to try to keep that debtor in that home.
A Brief History of Marriage and ‘Until Death do us Part’
A brief examination of the differences between the society which birthed the ‘Until death do us part’ worldview and that of contemporary America provides several fascinating insights. Contrasting the past with the present is worthy of consideration as so many social...