The fact sheet, available here, answers such questions as:
- What happens to my mortgage in bankruptcy?
- What happens if I file for Chapter 13 bankruptcy, and default on my mortgage payments?
- Can I convert a Chapter 7 bankruptcy to a Chapter 13?
These, and several other questions, are answered in the new fact sheet.
In addition... the Center is continuing to work on a fact sheet that answers questions about the complications that arise when homeowners declare bankruptcy but still need loan modifications. Stay tuned!
Did you know that the Center now has over a dozen Fact Sheets that can help struggling homeowners answer questions about their mortgage and foreclosure? A complete list of Fact Sheets is here.