In particular, S. 2636 would eliminate an inequity in the bankruptcy code that currently grants protections for vacation homes, yachts and family farms but denies borrowers similar protections for their primary residence. More important, this provision of the bill would help low- and moderate-income families save their homes, without any cost to the Treasury, and ensure that lenders recover at least what they would in foreclosure. Take Action: Tell Your Senators: Pass the Foreclosure Prevention Act
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