Posts Tagged ‘mortgage’

March 28th, 2011

Modifying mortgages and lien stripping in bankruptcy

Some people mistakenly believe that filing bankruptcy will force a mortgage lender to agree to a home modification. Not true. An experienced Arizona bankruptcy lawyer and real estate lawyer will advise you that the bankruptcy code prohibits a bankruptcy court to force a first mortgage lender to change the deal terms on the mortgage for your primary residence. But there may still be some hope.