Q: I filed for Chapter 13 to save my home, but got a great job and can now pay my mortgage !
I filed Chapter 13 bankruptcy to save my home. The investors who own my mortgage got their lawyers to find away around it and now want me to sell my home in six months or they will foreclose. In the mean time I got a job making three times as much as I was at my last job. I can now pay my mortgage and the back payments that I owe. But I am still getting letters from the investors telling me that I must sell my home in six months or face foreclosure. If I am paying my mortgage and the back payments why are the investors still on me about selling my home ? Am I missing something here ? I am paying my mortgage and the back arrears so why are they so hell bent on me selling my home ? Lost in New Jersey !
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- New Jersey
- (973) 798-6131
- View Profile
- Answered
A: It is simple, the investors want to cash out, but depending on your total circumstances, retaining the right type of attorney will probably solve the problem. Only a mortgage foreclosure defense and bankruptcy attorney has the expertise to prevent you from having more problems than you can possibly imagine. To properly answer your questions and address your concerns, the best way to handle this is with an in person consultation. You need to retain the best mortgage foreclosure defense and bankruptcy attorney you can afford. You should not be restricted by geographic factors. Pick the best lawyer you can find and remember one rule: a good lawyer is generally never cheap, and a cheap lawyer is generally never good so don't choose based on price.
A: Have an attorney review your chapter 13. If you have changed circumstances you should be able to get things modified.
A: You need to amend your plan and you will be OK.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
