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In light of the foreclosure crisis, do you think that bankruptcy courts should put more pressures on the lenders to work with homeowners who are behind in payments?

© BrainMass Inc. brainmass.com March 21, 2019, 10:56 pm ad1c9bdddf
https://brainmass.com/business/financial-distress-and-bankruptcy/foreclosure-crisis-bankruptcy-courts-438262

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I definitely think the bankruptcy courts as well as the federal government should put more pressures on lenders to work with homeowners who are behind on their payments. For the most part, homeowners want to keep their homes and are willing to pay for them. The problem is the economy. Many people lost their jobs, have lost income, and simply cannot afford their mortgages any longer. Further, in order to avoid garnishments, they must pay their ...

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This solution assists in discussing the foreclosure crisis and whether bankruptcy courts will put pressures on lenders to help.

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