A number of different proposals have been suggested to help homeowners facing bankuptcy and foreclosure. I have drafted a proposal entitled the Homeowners Protection Act which will enable bankruptcy judges to alter the terms of mortgages for those facing bankruptcy in an effort to help homeowners keep their homes. Here is a breakdown of similar measures [1] including my own. I will be strongly pursuing mortgage relief for homeowners when Congess convenes the 111th Session.
Links:
[1] http://online.wsj.com/public/resources/documents/st_MortgageModificationPrograms_20081231.html