Filing Chapter 13 While Waiting for a Loan Modification
If you have applied for a mortgage loan modification, you may want to file Chapter 13 bankruptcy as well so you do not get further behind on your mortgage payments. We can help you file while you are waiting for an answer from your bank or mortgage company.
The Law Offices of Chad M. Hayward, P.C., represents individuals and families in Illinois who are seeking to save their homes from foreclosure. You can file Chapter 13 and apply for a loan modification simultaneously to prevent further mortgage debt from accumulating. Our experienced bankruptcy lawyer can discuss your options with you. To schedule a free consultation with one of our Chicago loan modification attorneys, please call 888-804-8641 or contact us online.
Protect Your Home From Your Lender
When people apply for loan modification, the bank or mortgage company may take weeks or months to approve or deny their application. Whether the lender is purposely delaying the application or not, the homeowners are falling further into debt during this time because they not making payments.
If the application is denied, the lender may foreclose on the property and plan to sell the house right away. Filing Chapter 13 bankruptcy stops the foreclosure process and prevents the lender from adding more fees to your mortgage. The homeowners will stay in their home while the bankruptcy is in progress. If they file and successfully complete Chapter 13, they will avoid foreclosure.
Chicago Bankruptcy Attorneys
Please call our office at 888-804-8641 to schedule a free consultation. We have offices in Chicago, Aurora, Joliet, Schaumburg, Palos Heights, Northbrook, Oak Brook and St. Charles.
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