Financial Crisis Talk Center – You Need a Goal (The Mike & Rita Story)

2 Responses to Financial Crisis Talk Center – You Need a Goal (The Mike & Rita Story)

  1. Reply Anthony says:

    I met with one of your attorneys regarding my financial situation back in May or June. One question I didn’t know to ask is, is it possible to force your primary to give you a loan modification if you file a Ch. 13? Also, I have a 2nd mortgage/HELOC. Can I put that in the 13 and still keep my house?

    • Reply Ken Gross says:

      Anthony – it is not possible to force the primary to give you a loan modification – but it is something that can be pursued in the Chapter 13 and we’ve had success doing it. As to your second – if the Fair Market Value of the home (keep in mind prices are very depressed) is less than the first mortgage, we can lien strip the second mortgage – which means the lien is removed from the home and the debt becomes a unsecured claim and is treated the same way a credit card is treated. This is a great outcome and one of Chapter 13′s best features. If, however the value of the home exceeds the first mortgage, then you can still keep your house in a Chapter 13, but you will have to continue to pay on the 2nd mortgage. Hope this helps.

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Law and Reality
Your Analysis WIll Include:
A complete snapshot of your current debt and financial situation.
Suggestions with the best options to resolve your Credit Card debt, Tax debts and Business related debt.
Your Options for Mortgage Modification, Short Sale or what other solutions may be available to keep you in your home
If you qualify for Chapter 7, 11 or 13 Bankruptcy.
What other alternatives are available for resolving your debt.
Enter your email to Start and Receive Your Results from
the FREE Financial Analyzer

* we never share your e-mail with third parties.
FINANCIAL ANALYZER
  • A complete snapshot of your current debt and financial situation.

  • Suggestions with the best options to resolve your Credit Card debt, Tax debts and Business related debt.Your Options for Mortgage Modification, Short Sale or what other
  • solutions may be available to keep you in your home

  • If you qualify for Chapter 7, 11 or 13 Bankruptcy

  • What other alternatives are available for resolving your debt


Enter your email to Start and Receive Your Results from the FREE Financial Analyzer
Your Analysis Will Include

Enter your email to Start and Receive Your Results from the FREE Financial Analyzer
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ANALYZER