Posted on: 10th Nov, 2010 05:51 pm
Two weeks ago my mortgage company said I was approve for a loan modification and once they got the chp y7 papers now they said I was not approve. Will I loose my home?
Hi jazzynaye!
Welcome to forums!
Once you file chapter 7, the lender will stop taking any actions against your regarding the loan. Once you reaffirm your mortgage and receive a discharge, then you can reapply for a loan modification. If you reaffirm the mortgage and pay off the dues on time, then you won't lose your home.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Once you file chapter 7, the lender will stop taking any actions against your regarding the loan. Once you reaffirm your mortgage and receive a discharge, then you can reapply for a loan modification. If you reaffirm the mortgage and pay off the dues on time, then you won't lose your home.
Feel free to ask if you've further queries.
Sussane