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Mortgage Modification After Discharge

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Hi,

I recently had a discharged Ch 13 in which my mortgage was included. I received a favorable modification from my bank and was wondering, If I accept the modification, does that revive the discharged debt should they ultimately have to foreclose. TIA

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No there should be language in the documents stating the debt has been discharged in BK and this does not change (but more legalize). They will still foreclose if you go delinquent again.

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No there should be language in the documents stating the debt has been discharged in BK and this does not change (but more legalize). They will still foreclose if you go delinquent again.

Exactly. Make sure to read through the modification paperwork throughly because our previous lender left that off and we signed the documents. It was a nightmare trying to get them to fix it, but it had put them in violation of our bankruptcy and it put the loan liability back on us until we got it fixed. Good luck!!

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