Some individuals who are having trouble obtaining a loan modification their home mortgage and who qualify for a Chapter 13 bankruptcy proceeding, will also utilize the Loss Mitigation process available through the New Jersey Bankruptcy Court.
Loss Mitigation is a court-supervised loan modification process. It is far more likely to yield desirable results, stop foreclosure, and put your mortgage payments bank on track, than an ordinary, out-of-court loan modification process.
Ask your New Jersey bankruptcy attorney to help you learn more about the Loss Mitigation process and whether it can help you.
Free Consultation. Lucid Law can help you get control over your finances. Contact us for a free consultation to learn more about filing for Chapter 13 bankruptcy.