Wednesday, February 25, 2009

Worth The Bankruptcy Risk?

More than one million distressed homeowners would benefit from filing for bankruptcy under proposed legislation allowing bankruptcy judges to modify mortgages on primary residences, according to the Congressional Budget Office. Of that million, the office estimates about 350,000 homeowners would take advantage of the proposed change over the next 10 years.

Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n4-022509.cfm

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