Tag Archives: mortgage
Can You Continue a Loan Modification If You Are Under Bankruptcy Protection?
We have been able to stop or postpone foreclosure auctions or trustee sales for many of our clients, but many new clients ask us if a loan modification is possible to complete while the homeowner is under bankruptcy protection. It is possible to complete a loan modification during a bankruptcy. Usually, the bank or mortgage Continue Reading
Key to Qualify for Chapter 13 Bankruptcy
If you don’t qualify for Chapter 7 bankruptcy because of too much income, Chapter 13 bankruptcy may be the best solution for you. We get calls from clients initially asking for a Chapter 13 without much information on what it takes to qualify for it. A Chapter 13 bankruptcy is much more work than a Continue Reading
Removing a 2nd Loan or HELOC from Your Home Loan with a Bankruptcy
Under a Chapter 13 bankruptcy filing, if a debtor has more than one (1) mortgage on the home (or a 1st and 2nd loan), we may be able to discharge the second mortgage (or home equity line of credit) if the home is the primary residence and the first mortgage balance equals or exceeds the Continue Reading