Averting Further Economic DisasterUnfortunately, it looks like
the economic crisis and related problems are going to get still worse
before things improve. Despite numerous bailouts from the federal
government to various companies, the results are arriving too late for
many consumers. There have been a lot of questionable decisions
on the part of government over the last years and these have caused a
crisis that will take time to get out of. The "cramdown" proposal
would relieve many homeowners by allowing them to go into bankruptcy
and pay back only the current value of their home instead of the full
amount owed to their mortgage lender. For many, the current value
is lower than what they owe, which would cause monthly payments to drop
and would give people a chance of staying in their homes.
Averting Further Economic Disaster
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| Charleston |
1-800-444-1339 |
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| Columbia |
1-800-446-9396 |
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| Myrtle
Beach |
1-800-444-1339 |
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