Fleysher Law Blog

Bankruptcy Attorney Mortgage Real Estate Cram Down Ch. 13

Using the Bankruptcy Cram Down to Save Investment Property

Many clients come in to my office seeking assistance with modifying their investment property mortgages. The first question I am usually asked is “will the bank reduce my principal down to what the property is worth?” The answer is that meaningful principal forgiveness is very rarely offered in conventional “HAMP” or “Proprietary” modifications. Unfortunately, this results in investment properties becoming unaffordable and impossible to maintain. However, these clients are often

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