On March 5th, 2009 the House of Representatives approved H.R. 1106, legislation that will allow for mortgage modification in chapter 13 bankruptcy.   The vote was 234-191, with seven Republicans breaking party ranks and supporting the bill, and 24 Democrats voting against the measure.  It is now on to the Senate, where the bill may be considered as early as next week!

You can make your voice, and that of colleagues, family and friends heard in the Senate. Contact your Senators early Monday morning.

In the meantime, I encourage you to see how your Member of Congress voted by going to http://clerk.house.gov/evs/2009/roll104.xml.  If your Member supported H.R. 1106, you should think about putting in a quick phone call or fax a letter thanking him or her for standing up for homeowners.  Members were under intense pressure from banks, securities firms, credit unions and community banks to oppose this legislation.  It is nice for them to hear a thank you.

Hopefully,  we will be successful and we will watch President Obama sign bankruptcy mortgage modification into law sometime soon!