There is new controversial bankruptcy reform legislation making its way though congress (HR 3609) regarding BK13's and to allow cramdowns on owner occupied homes. As I understand it, cramdowns are currently allowed on non-owner occupied properties already. Does anyone have first hand experience with the prevalence of cramdown enforcement of real estate liens by the courts in the past and currently? Is it on the rise? Do they typically reduce the amount of debt or the interest rate, or both? What are you guys seeing out there?

