Mortgage Modifications and Bankruptcy: Can You Still Modify a Mortgage After Filing Bankruptcy?

Tags: bank, borrower, forrest-gump, frustration, game, keeps-the-loss, loss, return-on-its

A question I am asked with increasing frequency is what happens to a mortgage modification negotiation when the borrower files bankruptcy. Of course we all know by now that the answer is that “it depends.” First, it helps to understand how most lenders staff these situations