Hello,
I am in the 2nd year of a Ch13 and considering converting to a Ch 7. Originally wanted to do a lien strip, but can not keep up with plan payments ($800/month). I have already modified my 1st mortgage (and I am current) and want to keep my home. I am hoping I can work something out with the 2nd mortgage once I convert.
My questions is, what rights will my 2nd mortgage have once I convert to a 7? Or what actions are the likely to take?
Thank you in advance!
I am in the 2nd year of a Ch13 and considering converting to a Ch 7. Originally wanted to do a lien strip, but can not keep up with plan payments ($800/month). I have already modified my 1st mortgage (and I am current) and want to keep my home. I am hoping I can work something out with the 2nd mortgage once I convert.
My questions is, what rights will my 2nd mortgage have once I convert to a 7? Or what actions are the likely to take?
Thank you in advance!
Comment