Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
How many mortgages are on the house?
If more then one mortgage, is the balance of the first mortgage more or less than the market value of the home?
When there is only one mortgage, the mortgage payments are dealt with in exactly the same way as before the Bankruptcy. In other words, the payments are applied to the principal and also to interest. The payments are not applied only to the principal.
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