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WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17080
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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I am 3 or 4 payments behind on my mortgage of about 400.00/mo.

Customer Question

I am 3 or 4 payments behind on my mortgage of about 400.00/mo. can bankruptcey help me save my home or should i hire one of these mediator service companies that have been calling me .
Submitted: 3 years ago.
Category: Bankruptcy Law
Expert:  WALLSTREETESQ replied 3 years ago.

WALLSTREETESQ :

Hello I am a licensed attorney here to help you with your question, please review my response and do not hesitate to ask for clarificati on

WALLSTREETESQ :

In terms of a bankruptcy, if you can afford your monthly mortgage, a chapter 13 would allow you to pay your arrears back in a 60 month payment plan, but you must keep paying the monthly amount,

WALLSTREETESQ :

also, a chapter 13, would reduce your other debts, such as credit cards or other unsecured debts, so you can pay your mortgage,

WALLSTREETESQ :

A mediation can also be tried during this time,

WALLSTREETESQ :

also a chapter 13 would stop any foreclosure proceedings if they started.

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