You have much, much more time to catch up on unpaid mortgage payments, as well as any unpaid property taxes.
These 10 tools, especially used in combination, can defeat your mortgage debt and other home-based challenges.
If your second (or third) mortgage is not backed by any equity in your home, you can “strip” that mortgage off your home’s title.
Chapter 13 gives you much more time to catch up on your unpaid mortgage payments. That can be reason enough choose this option.
Chapter 7 usually lets you retain your home if you are current (or not too far behind) on your mortgage payments (& other home-based debts).
Whether you’re about to fall behind on your mortgage or have already done so, a forbearance agreement avoids foreclosure while you catch up.
Mortgage modification may reduce your monthly payments but not likely reduce your balance owed. So it costs less short-term, not long-term.
If you are behind on your home mortgage & want to keep your home, do a mortgage modification, a forbearance agreement, or a Chapter 13 plan.
Stripping a mortgage from the title to your home could save you a tremendous amount of money.
How do these two consumer options help with your home mortgage(s)?
Could you afford your home if you didn’t have to pay your other creditors or didnât have to pay second mortgage payments?
Save your home by “avoiding” judgment liens and “stripping” your second (or third) mortgage off your title.
Yes, Chapter 7 may make sense if discharging your other debts would enable you to catch up on your back mortgage payments quickly enough.
If you still owe more on your house than what it’s worth, you may be able to “strip” a second or third mortgage off your title.
Bankruptcy can enable you to keep your home through almost countless benefits. Here are 20 of them.