Senate plans foreclosure bill debate next week

We know, we know -- this would drive up borrowing costs. But having housing debt as a special "privileged" form of debt that can't be dispatched in bankruptcy is an unusual situation. The same financial corporations that oppose reversing this provision have the privilege of the ability to renegotiate all of their debt should they enter bankruptcy. Shouldn't human beings have the same right?

Visit our Forum here for more information and discussions on foreclosures, REO's, short sales and loan mod's. Join in or just browse...