Sentences with phrase «pay back the mortgage arrears»
Not exact matches
The money from the second mortgage should be enough to pay arrears and fees and bring the first mortgage back into good standing.
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The amount you can afford to pay back to your creditors each month is calculated by subtracting essential living costs (such as food, clothes and travel costs) and priority debt arrears payments (such as Council Tax arrears, mortgage arrears and rent arrears) from your income.
«Lien stripping» (elimination of mortgages) means that upon successful completion of your Chapter 13 the mortgage company will have to remove the junior mortgage (s) from your property and the arrears on the mortgage (s) don not have to be paid back.
A debtor may choose to file a chapter 13 instead of a Chapter 7 even when eligible due to a desire to pay back creditors, or a need to pay mortgage arrears or tax arrears.
«Lien stripping» (elimination of mortgages) means that upon successful completion of your Chapter 13, the mortgage company will have to remove the junior mortgage (s) from your property and the arrears on the mortgage (s) do not have to be paid back.