Mortgage modification in Chapter 13 won't be possible until Congress amends the bankruptcy code. What we talk about in this site can't happen without this small change in the law.
You can help by contacting your representatives in Washington and letting them know how the ability to modify your mortgage would allow you to keep your house.
The Senate takes the bill up this week. These Senators are thought to be wavering or undecided on supporting meaningful mortgage modification:
A phone call, fax or an email is generally most effective: snail mail is too slow with things moving as fast as they are.
Find contact information for your representatives by clicking the links below.
Consider the impact of modifying your mortgage to a fixed rate; reducing the principal balance to today's lower home value, or extending the repayment period.
If this bill would help you save your home, then let each one of your representatives know. Here's a sample letter in support of mortgage modification in bankruptcy.
President Obama is also soliciting citizen input on what's important for government to address. Add your voice to the Citizen's Briefing Book.
The latest news on mortgage modification in bankruptcy is found on our sister site.