At the end of your Chapter 13 case, you don’t have to wonder where you stand with your mortgage lender.
- Are you really, fully current with the mortgage?
- Are there fees and charges that you don’t know about?
- Are you ready to emerge from bankruptcy 100% paid up?
- Is the lender really poised to start foreclosure?
Starting December 1, 2016, your Chapter 13 trustee is required to flush out any surprises that lurk in your home loan servicer’s accounts.
And a federal judge stands by to sort it out.
When my client’s case was through, the rule resulted in her being $62,000 better off than she would have been otherwise.
Let’s hear it for Bankruptcy Rule 3002.1.
Why we needed this rule
Rule 3002.1 addresses the lack of transparency that used to exist about your home loan during a Chapter 13. [Read more…]