Comments on: Revisiting The Mortgage Forgiveness Debt Relief Act of 2007 http://www.creditinfocenter.com/wordpress/2008/09/16/revisiting-the-mortgage-forgiveness-debt-relief-act-of-2007/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= By: uranidiot http://www.creditinfocenter.com/wordpress/2008/09/16/revisiting-the-mortgage-forgiveness-debt-relief-act-of-2007/comment-page-1/#comment-826 uranidiot Fri, 26 Sep 2008 15:15:12 +0000 http://www.creditinfocenter.com/wordpress/2008/09/16/revisiting-the-mortgage-forgiveness-debt-relief-act-of-2007/#comment-826 Double Whammy? what what?? Paying cents on the dollar instead of going to prison for bank robbery sounds sweet. The Patriotic Mortgage Repayment act of 2008 could change all this. Mortgage defaulters should be required to repay 105% of the cancelled debt to the US Treasury. Sure these deadbeats had problems making loan payments on the full balance, but should have no problem after the balances are reduced by the value of the collateral. Double Whammy? what what?? Paying cents on the dollar instead of going to prison for bank robbery sounds sweet.

The Patriotic Mortgage Repayment act of 2008 could change all this. Mortgage defaulters should be required to repay 105% of the cancelled debt to the US Treasury.

Sure these deadbeats had problems making loan payments on the full balance, but should have no problem after the balances are reduced by the value of the collateral.

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