Results 1 to 2 of 2
  1. #1
    Join Date
    Jan 2008
    Posts
    164

    Default Chapter 13 Mortgage Payment

    Hi i am in chapter 13 for the last 7 months and all unsecured creditors were included in the BK also my secured crediters were included my two mortgage's 1st and second my question is i was never late on mortagage payments and never have but things being what they are and there are always bills that pop up that you were not counting on so my question is what happens if i skip one months mortgage payment so i can keep up with property taxes which i am behind on? should i ask mortgage company permission to skip one month or does that open a big can of worms? thank you in advance!

  2. #2
    Join Date
    Jan 2008
    Location
    Alabama
    Posts
    114

    Default Re: Chapter 13 Mortgage Payment

    You should speak with your mortgage company about this and see if they will make any type of payment arrangement with you. Typically if you skip a payment or become delinquent and do not catch up quickly, the mortgage company will file a motion for relief from stay and once the stay is lifted they could proceed with foreclosure. Another thing you could try is if you do fall behind on a payment, talk to your BK attorney to see if you can modify your Ch 13 plan to include the arrears, it shouldn't make much of a difference in your Trustee payments, and realistically if the creditor files a motion for relief that is what would probably end up happening anyway, they would want you to modify the plan to include the arrears and then do a consent order, or they would just want the stay lifted and try to foreclose.

    1. Sponsored Links
       

Similar Threads

  1. Suspected Non-Payment of Mortgage
    By cj4 in forum Real Estate Ownership and Title
    Replies: 1
    Last Post: 10-24-2010, 08:37 AM
  2. Foreclosure: Foreclosure Due to Non-Payment of Second Mortgage
    By Jewels10 in forum Buying, Selling and Conveying Real Estate
    Replies: 1
    Last Post: 04-16-2010, 02:24 PM
  3. Chapter 7: Chapter 7 with FHA Mortgage and 2nd Mortgage
    By kjferet in forum Bankruptcy Law
    Replies: 1
    Last Post: 03-03-2009, 09:57 AM
  4. Chapter 13: Mortgage Payment Went Down
    By kdjohnson in forum Bankruptcy Law
    Replies: 2
    Last Post: 07-14-2008, 01:58 PM
  5. Chapter 7: Mortgage Payments and Converting Chapter 13 to Chapter 7
    By NCDESPERATE in forum Bankruptcy Law
    Replies: 1
    Last Post: 09-03-2006, 09:38 AM
 
 
Sponsored Links

Legal Help, Information and Resources