Modifying mortgages in chapter 13

Some residential mortgages can be modified in chapter 13

by David Leibowitz, Illinois and Wisconsin Bankruptcy Attorney

We know that Congress squelched the proposal that mortgages on your home could be modified in chapter 13. Too bad. Mortgage foreclosures went ahead at the highest pace in recent history as a result. Mortgage modifications are as rare as hen’s teeth. Some mortgages, however, can be modified. The key is that mortgages on your [...]