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Thread: US BK Legislation, Housing Market, BK Courts "Cram Down" Statute (renegotiate loan)

  1. 05-03-2009 07:30 PM #1
    Helse
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    Default BK Legislation, Housing Market, BK Courts "Cram Down" Statute (renegotiate home loan)

    BK Legislation, Housing Market, BK Courts "Cram Down" Statute (renegotiation of home loan)

    "Cram-Down", renegotiating terms*, of residential housing market amendment dead.

    * Cram down is the pedestrian term for: Novation substitution of one contract for
    another, Novate (v).

    [ame="http://www.youtube.com/watch?v=vS_6zn3B0pw"]YouTube - Mortgage Bankers Celebrate Victory[/ame]
    Last edited by Helse; 05-03-2009 at 11:02 PM.
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