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If you file a chapter 13 then you miss your mortgage payment because your other bill was extremely high what happens?
Many possibilities.
Your "because of" doesn't fly by the way.
But you have again broken your promises and agreement to pay. Most likely, the BK court you have been relying on to protect you and get benefits for you...will withdraw that protection and the creditors will do what they have to (like foreclose) to collect.
You may be able to help the situation by using common sense. You know, like speaking to the trustee about possible payment problems (say the second you got a bill higher than in the plan)...before you miss them...not someone on the internet!
What else can I help you with?
What happens if the second mortgage lender hasn't contacted you on a reaffirmation of a loan after a chapter 7?
Nothing happens, the lien still exists- and the 2nd lender can still foreclose if you stoip making payments. The bigger worry is why you would WANT to reaffirm a mortgage debt!
What happens to a mortgage in chapter 11 bankruptcy?
A C-11 is normally only for Corporations. It is a re-organization type of BK. The mortgage is like any other secured debt, and the creditor will be paid by the agreed terms of the reorg or get the property.
If a bank that holds your mortgage fails what happens to that mortgage?
See http://www.fivecentnickel.com/2008/09/22/what-happens-to-your-mortgage-if-your-bank-fails/
What happens to the second mortgage if the first mortgage is sold?
Nothing happens to it. It still remains in second place.
What happens if you lose your job after filing Chapter 13 with a wife who works a mortgage and two car notes in Ga?
If you are unable to make the mortgage payments, you will lose the house to foreclosure- there is nothing you can do at that point. The only option would be to convert to a chapter 7 to discharge any other non-mortgage debt. If you want to keep the cars (or any secured debt for that matter) you will need to KEEP making those payments.
What happens in chapter 1 in Zach's Lie?
What happens in chapter 1 in zach's lie? In the first chapter in Zach's Lie it is a flash forward about Zach on a plane, without his dad talking about their change because he is in the witness protection program.
What happens after I refinance my reverse mortgage?
You will have to ask your mortgage provider, because it varies from business to business. Some do not offer this option at all, but others may do so for a fee.
Can you get a joint mortgage with your grandparent and what happens if she dies can i keep the house and mortgage?
The type of deed will determine what happens to the property after her death. If there is a right of survivorship, you will get the house. The mortgage company determines whether you keep the mortgage or have to refinance.
Why does every chapter in the spiderwick chronicles start with in which?
Every chapter in the "Spiderwick Chronicles" starts with "in which" because in every chapter, something happens and using that detail, Tony DiTerlizi and Holly Black named the chapter!
What happens if payoff 1st mortgage and keep 2nd?
You will then have one mortgage and not two.
What happens after chapter 7?
Chapter 8
What happens if I don't pay my mortgage?
Unfortunately, foreclosure happens.
