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Mortgage Cramdown

Mortgage Cramdown Fail: BAPCPA Man vs Mortgantua – Part 5

How is BAPCPA Man doing in his battle against Mortgantua to save American homeowners?  Not so well, thanks to Congress Man and Subprimulus. Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. Are you worried about foreclosure in New York?  If you’re struggling with mortgage …

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No Mortgage Cramdown Bill for Christmas

It would have been in the spirit of Christmas to pass the Mortgage Cramdown amendment.  But apparently Congress is a bigger fan of The Grinch. After the “Mortgage Cramdown” legislation was re-introduced by Barney Frank (D-MA), the House of Representatives rejected it by a vote of 188-241. Just in time for the holidays. Mortgage cramdown …

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Will “mortgage cram down” help New Yorkers?

The “mortgage cram down” issue is back in the news this week.  Congress is discussing an amendment that would give bankruptcy judges the power to “cram down” or change the basic terms of a mortgage. (See the latest BAPCPA Man vs. Mortgantua cartoon for a good picture of what mortgage cram down looks like.) If …

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BAPCPA Man vs Mortgantua #4 – Mortgage Cramdown!

The BAPCPA Man vs. Mortgantua battle rages on.  How will BAPCPA Man get out of this jam? Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. If you’re facing foreclosure in New York, if you’re struggling with mortgage and other financial problems, if you need …

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BAPCPA Man #15 – BAPCPA Man continues his battle with Mortgantua (Part 3)

Note: This cartoon is posted on the NYBankruptcyNet site with the express permission of the creators of BAPCPA Man. Click here to see a larger version of BAPCPA Man #15:  BAPCPA Man vs Mortgangua #3. If you’re worried about foreclosure and mortgage problems and are contemplating filing bankruptcy in New York along with other options, …

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