Debt Consolidation Forums Getting a loan or mortgage and avoid foreclosure forums

Effect of loan modification on Chapter 13 bankruptcy

Unregistered
member profile picture

I'll complete the Chapter 13 repayment plan soon. It will help me to get rid of the second loan. Now, my lender has made a loan modification offer to me on the first mortgage. I'll have to pay 2.5 percent interest rate for 5 years. Should I accept the loan modification offer? What kind of effect will it have on bankruptcy and its cost? I'm also planning to relocate to Livermore, CA. Will I face any problem after relocating?




It would be better for you to consult with a bankruptcy attorney and ask them!!!


Sub: #1 posted on Mon, 07/29/2013 - 10:30

Unregistered


Yup...talk to your attorney.


Sub: #2 posted on Tue, 07/30/2013 - 01:45

SOAPLADY SOAPLADY
Moderators Cum Industry Expert
(Posts: 17209 | Credits: 4746.15)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.527 seconds.