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Re-Negotiating Troubled Mortgages | A Judge’s Decision

personalmoneystore.com — Home foreclosures are finally gaining some much needed attention. Re-negotiating troubled mortgages may be up to the judges, not the banks. READ MORE

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  • RQJenkins, on 12/15/2008, -0/+1Banks will be upping interest in the down times, in an effort to up their revenue. However, power has been granted to judges to readjust mortgage terms for people to avoid bankruptcy and keep their homes. This benefits consumers and lenders, as it keeps people in their homes and it keeps income rolling in to mortgage companies.
  • inactive, on 12/15/2008, -0/+1I didn't know that the unemployment rate had gotten to be this high and the scary part is it would be higher if it wasn't for the fact that so many workers have just given up looking. Mortgages are also being renegotiated which is a good thing because anyone in their right mind would have known that the rate they were allowing customers to buy at was ridiculous and should have never been allowed.

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