Posted on: 17th Aug, 2011 10:42 am
Hi there...if I filed chapter 13 what happens to my mortgage? I had heard that the payment in a 13 is only for the back amount that got you deliquent and that you still have to make the regular monthly payments to your mortgage, but they are too high which is why I am contemplating chapter 13. I dont want to lose the house but my lender will not modify any terms of my loan
I think you would be best served if you consult an attorney, they usually will provide a free consultation and you can ask all these questions. BK is a legal process and you would want to consult legal experts on this.