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and other unsecured debt. That bargaining chip soon will be less effective, however, because the new bankruptcy rules will make it much harder to qualify for Chapter 7 california mortgage reverse 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 debts, experts say. hard california mortgage reverse 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 california mortgage reverse in common law, while civil law jurisdictions refer instead to immovable property. In recent years, many economists have not recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth california mortgage reverse 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 buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Negative amortization loan ``Don't count on being able to walk california mortgage reverse from your debts by filing bankruptcy,'' said Melissa Richards, general counsel for the California Mortgage Bankers Association. ``I think you have thousands and thousands of california mortgage reverse 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 it.'' There are many types of california mortgage reverse loans. The two basic types of amortized loans are the fixed rate mortgage (FRM) and adjustable rate mortgage (ARM). In a FRM, the interest rate, and hence monthly payment, remains fixed for the life (or term) of the loan. In the U.S., the term is usually for 10, 15, 20, or 30 years. In the UK the fixed term can be as short as five years, california mortgage reverse which the loan reverts to a variable rate (which makes the loan an ARM). In an ARM, the interest rate is fixed