If I have 12 months left on my plan and want to pay off my mortgage, can I and am I at risk to loose any equity?
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If I have 12 months left on my plan and want to pay off my mortgage, can I and am I at risk to loose any equity?
Asked on June 26, 2013 under Bankruptcy Law, North Carolina
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
You may not but check with your trustee first and see if this can be done through a lift of the automatic stay while in bankruptcy. Both parties (you and mortgage company) would have to agree to this and the trustee and judge would have to recommend and approve, respectively,
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