U.S. Senate Votes Down Foreclosure Relief Measure
The U.S. Senate voted 51-45 earlier today against the legislation that would have allowed bankruptcy judges to rewrite mortgage terms for struggling borrowers before they face foreclosure -- the so-called mortgage "cram-down" bill. CAI National and the College of Community Association Lawyers were actively involved in educating legislators about the potential impact of the legislation on associations through out the nation.
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