Indiana Motion to Modify Secured Debt (Mortgage), (Chapter 13)

State:
Indiana
Control #:
IN-SB-4001-4MMC
Format:
PDF
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Description

Motion to Modify Secured Debt (Mortgage), (Chapter 13) An Indiana Motion to Modify Secured Debt (Mortgage), (Chapter 13) is a legal filing that allows the borrower to modify the terms of their secured mortgage debt. This motion can be used to reduce the monthly payment amount, extend the loan term, or both. It is typically filed during a Chapter 13 Bankruptcy, when a debtor is seeking to reorganize their debts. The motion must be filed with the court, and it must include details about the current loan, as well as the proposed modifications. The court will review the motion and, if approved, will issue an order allowing the modification. There are two types of Indiana Motion to Modify Secured Debt (Mortgage), (Chapter 13): one for a Primary Residence and one for a Vacation/Investment Property. Each motion must be tailored to the specific type of property being modified.

An Indiana Motion to Modify Secured Debt (Mortgage), (Chapter 13) is a legal filing that allows the borrower to modify the terms of their secured mortgage debt. This motion can be used to reduce the monthly payment amount, extend the loan term, or both. It is typically filed during a Chapter 13 Bankruptcy, when a debtor is seeking to reorganize their debts. The motion must be filed with the court, and it must include details about the current loan, as well as the proposed modifications. The court will review the motion and, if approved, will issue an order allowing the modification. There are two types of Indiana Motion to Modify Secured Debt (Mortgage), (Chapter 13): one for a Primary Residence and one for a Vacation/Investment Property. Each motion must be tailored to the specific type of property being modified.

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Indiana Motion to Modify Secured Debt (Mortgage), (Chapter 13)