Effect of loan modification on Chapter 13 bankruptcy
Date: Fri, 07/26/2013 - 04:46
I'll complete the Chapter 13 repayment plan soon. It will help me to get rid of the second loan. Now, my lender has made a loan modification offer to me on the first mortgage. I'll have to pay 2.5 percent interest rate for 5 years. Should I accept the loan modification offer? What kind of effect will it have on bankruptcy and its cost? I'm also planning to relocate to Livermore, CA. Will I face any problem after relocating?
