I've already modified my 1st. Would like to modify my 2nd.
Planning to file for a Chapter 7 soon. Meeting with a 2nd attorney this Friday and hope to retain him.
Will filing BK interfere with my chances of getting a loan modification from my lender? Is this something i should do BEFORE I file for BK? Can I still retain a lawyer and begin working towards the BK, but just do the loan modification first? Or does it matter?
Also, there are so many new home owner programs coming down the pipe. Will a BK lessen my chances of being able to participate in those programs? The best offer for me would be a principal reduction, and I don't know if that is something we will see or not (widespread anyway). And if we do, will having a BK interfere with my chances at qualifying for a reduction?
Any advise?
Planning to file for a Chapter 7 soon. Meeting with a 2nd attorney this Friday and hope to retain him.
Will filing BK interfere with my chances of getting a loan modification from my lender? Is this something i should do BEFORE I file for BK? Can I still retain a lawyer and begin working towards the BK, but just do the loan modification first? Or does it matter?
Also, there are so many new home owner programs coming down the pipe. Will a BK lessen my chances of being able to participate in those programs? The best offer for me would be a principal reduction, and I don't know if that is something we will see or not (widespread anyway). And if we do, will having a BK interfere with my chances at qualifying for a reduction?
Any advise?
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