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Article
The Chapter 13 Alternative: a Legislative Solution to Undersecured Home Mortgages
University of Richmond Law Review
  • Samuel Bufford, Penn State Law
Document Type
Article
Publication Date
1-1-2011
Disciplines
Abstract
This article discusses minor changes to the U.S. Bankruptcy Code that would make avoiding foreclosure possible for a homeowner who (a) is presently not able to make the mortgage service payments but (b) could make payments for a mortgage that is reduced to the market value of the property and to a fixed market mortgage rate. This article does not address the political issue of what protections Congress might decide to provide mortgage owners and servicers as a part of such legislation.
Citation Information
Samuel Bufford. "The Chapter 13 Alternative: a Legislative Solution to Undersecured Home Mortgages" University of Richmond Law Review Vol. 45 (2011) p. 1091
Available at: http://works.bepress.com/samuel_bufford/5/