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UCLA's Nelson said. Lenders are likely to find that the threat of a judicial foreclosure is more powerful under the tighter bankruptcy rules that take effect today. Under the previous rules, borrowers could threaten to amortization calculator mortgage refinance for Chapter 7 bankruptcy protection and erase a deficiency along with credit-card bills and other unsecured debt. That bargaining chip amortization calculator mortgage refinance will be less effective, however, because the new bankruptcy rules will make it much harder to qualify for Chapter 7 protection. The bankruptcy law changes will force more debtors to seek Chapter 13 protection and repay at least a portion of their debts through court-ordered payment plans. Lenders still typically won't get full dollar, but it will give them more leverage when negotiating how to reduce payments or restructure amortization calculator mortgage refinance experts say. hard money loan seasoned mortgage term loan or interest-only loan wraparound mortgage referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. In recent years, many economists amortization calculator mortgage refinance not recognized that the lack of effective real estate laws can amortization calculator mortgage refinance a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and amortization calculator mortgage refinance is mortgages -- bank loans for which the real property itself constitutes collateral. Negative amortization loan ``Don't count on being able to walk away from your debts by filing bankruptcy,'' said amortization calculator mortgage refinance Richards, general counsel for the California Mortgage Bankers Association. ``I think you have thousands and thousands of people who refinanced and this didn't even enter into their equation,'' said Grant Nelson, a law professor at the University of California-Los Angeles. ``They didn't even think about