San Diego Bankruptcy Law Firm. www.gobksandiego.com. 877-GOBK619

This blog is updated by San Diego Bankruptcy Law Firm. The blog is designed to educate consumers about their rights under the Bankruptcy Code.

Bankruptcy can STOP FORECLOSURE, ELIMINATE DEBT AND PROTECT YOUR ASSETS! Call us for a free consultation at 877-GOBK619 or 619-260-1800. Visit us at http://www.gobksandiego.com/.

We are a debt relief agency and help people file for Bankruptcy under the Bankruptcy Code.

Thursday, June 6, 2013

Some Good News on Mortgage Loan Forgiveness

Clients that completed their Chapter 7 case in 2011 were denied a loan modification on their second mortgage in 2012.  Yesterday, our clients called with the news that the owner of the large junior lien on their home just completely forgave their loan.  While stories of modification process abuses seem to be the norm, perhaps we can hope for more good news on principal forgiveness soon.
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