Does bankruptcy stop the use of that persons income to do a loan modification?

Hey Congrats ! Now download Free eBooks HERE

FREE Report – “Debt Consolidation Loans For Bad Credit Borrowers” Click Here For Free Report

FREE Report – “4 Steps To Eliminate Debt” Click Here For Free Report

Sometimes the best successes come after the worst disappointments. Tweet this

Question by TiredOfFemaleTechsOnMaleExams: Does bankruptcy stop the use of that persons income to do a loan modification?
Two people get a home loan, one goes full chaper 7 wipe out bankruptcy due to medical bills and major health issues. Co-borrower is determined to keep the home, and wants a loan modification. Does the bankrupt borrowers income still get counted even though that borrower is no longer legally responsible for the mortgage ?
NOTE: Borrower and Co-Borrower are NOT married.

Best answer:

Answer by Landlord
The only way the borrower got out of that mortgage was to surrender the home, if it was not surrendered, and obviously it was not, they are still liable for the mortgage.

What do you think? Answer below!

free ebook classified ads

FREE eBook – CLICK HERE

Sometimes the best successes come after the worst disappointments. Tweet this



Share Button

Comments are closed.

Powered by Yahoo! Answers

Popups Powered By : XYZScripts.com