Carr & Pew

One thing with the new “Obama” Law that allows you to modify a mortgage loan is, not everyone currently qualifies for a Mortgage Loan Modification. You have to meet certain parameters to modify a loan. One of those is show a current hardship. Not everyone can do so. even if you have been months and months late on your mortgage payments.

If you are having a hardship and cannot pay your mortgage payments or are behind and cannot meet the arrears payments the Bank wants you to pay there is another option. A Chapter 13 Bankruptcy can help save the home you have invested so much into. There are a lot of things that can be done in a Chapter 13 to save your home but it is an option.

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This entry was posted by carrlaw on Wednesday, June 17th, 2009 at 4:24 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.