How do you modify a mortgage because of COVID?
In a Chapter 13 case, you can apply for a loan modification. You can also contact the bank directly to apply for a loan modification. It is not required to hire an attorney to modify your mortgage, but it may help to make the process easier and increase your chances of approval.
Will bankruptcy help me lower my mortgage payment?
Chapter 13 bankruptcy gives homeowners the opportunity to reorganize their mortgage debt into one manageable payment. In addition, it may provide up to five years to catch up on missed mortgage payments without being charged additional interest.
