Chapter 13 Alert: Lenders Must Confirm All Mortgage Payments Made By Borrower During Chapter 13 Plan

Chapter 13 Alert: Lenders Must Confirm All Mortgage Payments Made By Borrower During Chapter 13 Plan | Michael L. Moskowitz

By Michael L. Moskowitz and Michele K. Jaspan

We previously reported about Lenders’ Chapter 13 obligations set forth in Bankruptcy Rule 3002.1, entitled Notice Relating to Claims Secured by Security Interest in the Debtor’s Principal Residence (click here). To reiterate, a mortgage lender must provide to debtor, debtor’s counsel, and the chapter 13 bankruptcy trustee, notice of any fees, expenses or charges incurred by lender in connection with its claim, following commencement of the chapter 13 case. In addition, lender must notify the same parties about any changes to the monthly mortgage payments which come due post-petition.

Click here to read Michael L. Moskowitz's full article...