1. Short title This Act may be cited as the Home Foreclosure Reduction Act of 2017 . 2. Definition Section 101 of title 11, United States Code, is amended by inserting after paragraph (43) the following (and make such technical and conforming changes as may be appropriate): (43A) The term qualified loan modification means a loan modification agreement made in accordance with the guidelines of the Obama Administration’s Homeowner Affordability and Stability Plan as implemented March 4, 2009, that— (A) reduces the debtor’s payment (including principal and interest, and payments for real estate taxes, hazard insurance, mortgage insurance premium, homeowners' association dues, ground rent, and special assessments) on a loan secured by a senior security interest in the principal residence of the debtor, to a percentage of the debtor’s income in accordance with such guidelines, without any period of negative amortization or under which the aggregate amount of the regular periodic payments would not fully amortize the outstanding principal amount of such loan; (B) requires no fees or charges to be paid by the debtor in order to obtain such modification; and (C) permits the debtor to continue to make payments under the modification agreement notwithstanding the filing of a case under this title, as if such case had not been filed. . 3. Eligibility for relief Section 109 of title 11, United States Code, is amended— (1) by adding at the end of subsection (e) the following: For purposes of this subsection, the computation of debts shall not include the secured or unsecured portions of— (1) debts secured by the debtor’s principal residence if the value of such residence as of the date of the order for relief under chapter 13 is less than the applicable maximum amount of noncontingent, liquidated, secured debts specified in this subsection