mortgage foreclosure bankruptcy
Foreclosure and chapter 13 bankruptcy?
If someone files chapter 13 bankruptcy that has a mortgage about to go into foreclosure, I know that the chapter 13 will stop the foreclosure process. My question is when that person make their monthly trustee payment on the chapter 13, do they have to also pay their regular mortgage payment? So they would have 2 monthly payments, the mortgage and the chapter 13? or do they just make one payment to the chapter 13, and they dont pay the regular mortgage payment? hope this makes sense.
I think I know where you are going with this…..
The foreclosure merges with the BK.. and you make 1 payment…
