ANTI-FORECLOSURE BILL DEFEATED
A plan to aid struggling homeowners was defeated in the Senate by a 45-51 vote earlier in the
week. The bill would have allowed debt-ridden homeowners to ask a bankruptcy judge to reduce
their mortgage payments. Lawmakers were concerned it would encourage bankruptcy filings &
spike interest rates. Then what about those homeowners who struggle, but DO MAKE THEIR
MONTHLY HOME PAYMENTS??
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