Loan Mod during BK7

Wantmypeace

Senior Member

Bankruptcy Contributor

Joined: May 2009

Posts: 334

State: California
#1

Loan Mod during BK7

01-08-2011, 04:07 PM

We are very close to filing finally! It looks like we'll be filing ch7 the 2nd or 3rd week of February. On the advice of our attorney, I am applying for a loan mod with Wells Fargo on our 1st mortgage. The first payment for the loan mod will be due on Feb 1st. I'm curious what happens when we file 2 weeks later? Does everything just get put on hold until the stay is lifted or the bk discharged, and then we go back to paying the new payment amount? Has anyone had this happen?

Thanks for any help!

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As you simplify your life, the laws of the universe will be simpler; solitude will not be solitude, poverty will not be poverty, nor weakness weakness. ~Henry David Thoreau
Tags: loan modification, modification during bk, wells fargo
Wantmypeace

Senior Member

Bankruptcy Contributor

Joined: May 2009

Posts: 334

State: California
#2

01-11-2011, 08:14 PM

Anyone???

--------------------------------------------
As you simplify your life, the laws of the universe will be simpler; solitude will not be solitude, poverty will not be poverty, nor weakness weakness. ~Henry David Thoreau
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