If you need additional
information regarding our
services or need customer
support click the contact
link, below.
information regarding our
services or need customer
support click the contact
link, below.
Court Ordered Mortgage Loan Modification Through Chapter 13 Bankruptcy
Submit Your HAMP Payment Plan as Part of Your Bankruptcy Payment Plan
You must submit a creditor payment plan when you file for bankruptcy. The HAMP mortgage payment plan is a
Congressionally approved mortgage payment plan created by the Executive, endorsed by the FDIC and the
Treasury. It is the law of the land. More than likely, your lender has already agreed to support it. You can submit your
HAMP mortgage payment plan as a component of your Chapter 13 bankruptcy filing.
Step 1 - Use our Free Mortgage Reduction Calculator to determine your eligibility for HAMP.
Use our free online Mortgage Reduction Calculator. Enter your home mortgage information and household income
and expense information into the calculator. The calculator will determine if you qualify for a mortgage payment
reduction using one of the federal payment reduction programs.
If the Calculator determines that your House payment To gross Income (HTI) is above 31% then you meet the
primary qualification for the HAMP mortgage payment reduction program. Qualification is just that simple.
Based on the information that you submit to us in your calculator forms, we will prepare your mortgage reduction
workout package documents (documents you present to your lender) to have your monthly payment reduced. We
also perform an approval analysis like those conducted by your lender to determine the likelihood of your request
being approved by your lender. We only work with loan modification candidates that are likely to be approved by
their lender. We will also process the new payment plan that you are legally entitled to under HAMP. You then
submit your completed documents, along with verification of income, to your lender to receive the federally
sponsored payment reduction.
Our document processing center will return your new payment plan and completed workout package forms in less
than 24 hours. Don't wait until the bank moves on you. Act now.
You must submit a creditor payment plan when you file for bankruptcy. The HAMP mortgage payment plan is a
Congressionally approved mortgage payment plan created by the Executive, endorsed by the FDIC and the
Treasury. It is the law of the land. More than likely, your lender has already agreed to support it. You can submit your
HAMP mortgage payment plan as a component of your Chapter 13 bankruptcy filing.
Step 1 - Use our Free Mortgage Reduction Calculator to determine your eligibility for HAMP.
Use our free online Mortgage Reduction Calculator. Enter your home mortgage information and household income
and expense information into the calculator. The calculator will determine if you qualify for a mortgage payment
reduction using one of the federal payment reduction programs.
If the Calculator determines that your House payment To gross Income (HTI) is above 31% then you meet the
primary qualification for the HAMP mortgage payment reduction program. Qualification is just that simple.
Based on the information that you submit to us in your calculator forms, we will prepare your mortgage reduction
workout package documents (documents you present to your lender) to have your monthly payment reduced. We
also perform an approval analysis like those conducted by your lender to determine the likelihood of your request
being approved by your lender. We only work with loan modification candidates that are likely to be approved by
their lender. We will also process the new payment plan that you are legally entitled to under HAMP. You then
submit your completed documents, along with verification of income, to your lender to receive the federally
sponsored payment reduction.
Our document processing center will return your new payment plan and completed workout package forms in less
than 24 hours. Don't wait until the bank moves on you. Act now.
Benefits of Filing
Under bankruptcy procedures, the court determines the amount that each creditor will receive each month based
on the debtor's income. This payment schedule applies to both secured and unsecured debt payments.
If the Bankruptcy is approved, it would allow you to save your home from foreclosure. It will also end the stress and
emotional turmoil that living in a financially distressed situation can create. The value of peace of mind cannot be
measured.
Disadvantages of Filing
The consequences of filing for bankruptcy must be weighed against the prospect of losing one's family home.
Payments to creditors made under a bankruptcy will be slightly higher than direct payments to creditors would be.
The reason for this is that attorney fees and other fees to the court Trustees are added back into your bankruptcy
creditor payment plan.
Filing Bankruptcy can damage your credit for 7 to 10 years. Additionally this information can be obtained indefinitely,
since it is public information, thereby denying you future credit. Immediate enrollment in a credit restoration
program after filing is highly recommended. Obtaining a secured credit card or debt card after filing will allow you to
continue electronic purchases while in bankruptcy.
Under bankruptcy procedures, the court determines the amount that each creditor will receive each month based
on the debtor's income. This payment schedule applies to both secured and unsecured debt payments.
If the Bankruptcy is approved, it would allow you to save your home from foreclosure. It will also end the stress and
emotional turmoil that living in a financially distressed situation can create. The value of peace of mind cannot be
measured.
Disadvantages of Filing
The consequences of filing for bankruptcy must be weighed against the prospect of losing one's family home.
Payments to creditors made under a bankruptcy will be slightly higher than direct payments to creditors would be.
The reason for this is that attorney fees and other fees to the court Trustees are added back into your bankruptcy
creditor payment plan.
Filing Bankruptcy can damage your credit for 7 to 10 years. Additionally this information can be obtained indefinitely,
since it is public information, thereby denying you future credit. Immediate enrollment in a credit restoration
program after filing is highly recommended. Obtaining a secured credit card or debt card after filing will allow you to
continue electronic purchases while in bankruptcy.
 |
 |
 |
 |
 |
 |
Filing for Bankruptcy to Save Your Home
| Urban Solutions |
| Interactive Service Network |
Step 2 - Get your new payment plan and workout package documents for just $599.95.
Ask about our monthly payment plan. All major credit cards and debit cards are accepted. If you
have questions about our payment plan, please feel free to contact our customer service office.
have questions about our payment plan, please feel free to contact our customer service office.
If you do not fulfill your debtor commitments under the bankruptcy your lender can petition the court for possession
of your home. That means the foreclosure process will start all over again!
PLEASE NOTE: If you file a Chapter 7 Bankruptcy and do not reaffirm with your Mortgage Company, most
companies will not negotiate any loss mitigation programs with you until a reaffirmation has been signed and filed.
Contact your Bankruptcy Attorney to handle this process for you.
of your home. That means the foreclosure process will start all over again!
PLEASE NOTE: If you file a Chapter 7 Bankruptcy and do not reaffirm with your Mortgage Company, most
companies will not negotiate any loss mitigation programs with you until a reaffirmation has been signed and filed.
Contact your Bankruptcy Attorney to handle this process for you.
Things You Should Know Before Filing For Bankruptcy
NEVER proceed with a bankruptcy filing until you have a mortgage loan payment plan. Click here to receive
additional information regarding bankruptcy actions.
NEVER proceed with a bankruptcy filing until you have a mortgage loan payment plan. Click here to receive
additional information regarding bankruptcy actions.
In spite of receiving $billions from the American people to provide HAMP loan
modifications, when called upon to do so, some lenders still refuse to do it.
Under such circumstances, it may become necessary to force the issue with a
court action to get your lender to comply with your request. This can be done in
a couple of ways.
modifications, when called upon to do so, some lenders still refuse to do it.
Under such circumstances, it may become necessary to force the issue with a
court action to get your lender to comply with your request. This can be done in
a couple of ways.
- using a forensic audit to establish grounds for a modification or law
suit against the lender or, - declaring bankruptcy to force a court ordered loan modification payment
plan.
THE INFORMATION PROVIDED ON THIS PAGE IS NOT INTENDED TO BE LEGAL ADVICE. FOR LEGAL ADVICE,
CONSULT AN ATTORNEY THAT SPECIALIZES IN BANKRUPTCY.
CONSULT AN ATTORNEY THAT SPECIALIZES IN BANKRUPTCY.
This is a tough decision to make. However, given these options, most homeowners will choose bankruptcy as
the most practical solution for retaining the family home. As in many cases, making the decision to act is often
far more difficult than taking action once the decision is made.
Filing Bankruptcy should be the last option considered. If you have decided that this is the best course of action
to take then do so. You must receive credit counseling from an authorized credit counseling agency before filing.
This can be done on line.
Bankruptcy proceedings can be initiated by the homeowner without the use of an attorney (a pro per action) or by
hiring a licensed attorney that specializes in bankruptcy actions. If the funds for hiring an attorney are available,
the odds for achieving a positive outcome are greatly enhanced. The down side of hiring an attorney is that
attorneys can be expensive and sometimes inept. Get references before putting your hard earned money on the
table for an attorney.
the most practical solution for retaining the family home. As in many cases, making the decision to act is often
far more difficult than taking action once the decision is made.
Filing Bankruptcy should be the last option considered. If you have decided that this is the best course of action
to take then do so. You must receive credit counseling from an authorized credit counseling agency before filing.
This can be done on line.
Bankruptcy proceedings can be initiated by the homeowner without the use of an attorney (a pro per action) or by
hiring a licensed attorney that specializes in bankruptcy actions. If the funds for hiring an attorney are available,
the odds for achieving a positive outcome are greatly enhanced. The down side of hiring an attorney is that
attorneys can be expensive and sometimes inept. Get references before putting your hard earned money on the
table for an attorney.
| Click here to order HAMP documents for your payment plan. |