Legal Question in Real Estate Law in Virginia

I live in Virginia I have a va loan I’m several months almost 6 due to my wife losing her job. I’ve applied for loan mod but was declined not enough income. Any ideas is chapter 7 or 13 a option.


Asked on 11/26/17, 6:30 pm

1 Answer from Attorneys
Daniel Press Chung & Press, P.C.

Yes, Chapter 13 could be an option. It allows you to cure the arrears over time. However, you do need enough income to pay the regular mortgage payment plus the arrears, plus maybe something for other creditors. See an experienced consumer bankruptcy lawyer to discuss your options.

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Answered on 11/27/17, 4:30 am


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