Loan Modification | Foreclosure Prevention

lilgotti56 asked:


If you have to pay back federal student loans, can you get a child support modification. For those of you who think I am trying to avoid child support, that is not true. Since both are federal mandate payments(meaning you can not file bankruptcy to get rid of them, than it should be included into the guideline). Also getting educated not only benefits myself, but the child too. Because if I am able to get a better paying job, it will help increase the child standard of living too.

Helpplzzzz asked:


Ok so this is what happened. Back in July of last year my home was to be foreclosed, however I decided to file Chapter 13 bankruptcy and kept my home. I got behind on my mortgage payments again due to medical reasons, and now my home is scheduled for auction on Feb. 10 of this year. I called my attorney today and he stated that we can do a loan modification to keep the home. He stated that I would have to come and fill out the paperwork for the modification. My question is what is a loan modification? How does the process work? Will my payments remain or lower? I know this is a lot of information however I am really confused as to how all this works. Will I be able to keep my home?