---

Mortgage forebearance after bankruptcy discharge

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Very Curious Guest	Posted: Thu Jan 12, 2012 5:23 pm    Post subject: Mortgage forebearance after bankruptcy discharge Like 0 Dislike 0 I was discharged from a bankruptcy back in June 2011. I did not reaffirm my mortgage. I am about to go into foreclosure. This week I had a meeting with the negotiator and my attorney for a possible modification (Michigan law allows three months prior to foreclosure for a possible work out option if requested by borrower after notice to accelerate--I requested that meeting according to the statute.) The mortgage company offered a three month forebearance. We plan to accept. However, my concern is that this forebearance agreement will recommit me to the loan or the amount in arrears. There is a paragraph in the agreement that states "borrower agrees that all payments not paid during agreement will be due at end of agreement period, including all past due amounts..." Does this void my bankruptcy protection? My attorney is not certain.
smithsussane Joined: 18 Sep 2008 Posts: 10408 Location: Alaska 981.02 Dollars($)	Posted: Thu Jan 12, 2012 9:34 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to forums! As far as I can understand, this might void your bankruptcy protection. Nevertheless, you can have a word with your lender and check out what he has to say in this matter. Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0