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Ask WALLSTREETESQ Your Own Question
WALLSTREETESQ
WALLSTREETESQ, Attorney
Category: Bankruptcy Law
Satisfied Customers: 17252
Experience:  14 years exp., CH 7 AND 13 Bankruptcy cases, AFL-CIO UNION PLUS, UFT NYSID AND ALL MAJOR UNIONS
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Will chapter 13 cure and stop Forclosure proceeding..My proprty

Resolved Question:

Will chapter 13 cure and stop Forclosure proceeding..My proprty back txes were bought and I was told that Chapter 13 would cure the problem....XXXXX XXXXX
Submitted: 5 years ago.
Category: Bankruptcy Law
Expert:  WALLSTREETESQ replied 5 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 clarification

WALLSTREETESQ :

A chapter 13 would stop a foreclosure, and allow you as the homeowner to create a payment plan to pay off the mortgage and tax arrears.

WALLSTREETESQ :

Typically you can creat a payment plan that lasts 60 months, where you pay your past arrears over 60 months.

WALLSTREETESQ :

You still have to make the current mortgage payment and the

WALLSTREETESQ :

property taxes,

WALLSTREETESQ :

the arrears for both would be paid in addittion to these payments.

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