Originally published by David Coale .
Earlier this year, the Texas Supreme Court answered certified questions from the Fifth Circuit about the treatment of home equity loans under the Texas Constitution; that opinion summarizes: “To avoid foreclosure, homeowners and lenders often try to restructure underwater home mortgage loans that are in default by capitalizing past-due amounts as principal, lowering the interest rate, and reducing monthly payments, thereby easing the burden on the homeowners.
Curated by Texas Bar Today. Follow us on Twitter @texasbartoday.
from Texas Bar Today http://600camp.com/?p=3586&utm_source=rss&utm_medium=rss&utm_campaign=home-equity-questions-return-home-to-fifth-circuit
via Abogado Aly Website
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