| Re: Need Loan Mitigation from EMC
Hi hzemel,
Wecome to the forum and thank you for joining..........
If you file the BK the lender will not modify your loan until the BK is discharged and the mortgage payments would have to have been made on time thruout the BK.
For a modification when you do your household income verses the household expenses you would need to show a surplus of $100-$250 at the end of the month.
Instead of filing a BK have you checked into CCCS (Consumer Credit Counseling Services) they are a non profit that helps lower credit card debt without having to file a BK.........they also offer services helping with making a budget and working with your lender on a modification.......
__________________ Moe Bedard
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