Way OT and political, too
Mark & Juanita wrote:
The rights of contract law in which a judge can set aside a contract and
force a lender to alter the *principal* amount of a loan. Any idea how
hard it would be to get a mortgage in the future if this happens? (Good
news is that even the Senate wasn't stupid enough to go along with this and
defeated it today 51-45 -- but that 45 is scary).
You do know this exists in current bankruptcy law? That mortgages on personal
residences are an exception? And that the defeated bill in the Senate merely
removed that exception? -- Doug
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