Should I wait to file Bankruptcy to see
if my Loan Modification is Accepted?

Maybe. Loan modifications can be a very good thing - when they actually happen. Which is close to never.

I can't count the number of clients who have told me about their loan modification materials being accepted by the servicer, then a letter telling them that all of the materials were accounted for, then a period of no activity, then a claim from the servicer that either a) required materials were missing or b) that the servicer had no record of the materials ever being sent by the client. I hear this SEVERAL times a week.

Certainly, if you like the terms of the modification agreement, you should try to modify your loan. However, do not count on the modification as your only solution; to say that you would be putting all your eggs in one basket would be a huge understatement.

There are several other ways to stop mortgage foreclosure in Washington. Call us for a free consultation.

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The Law Office of Matthew D. O'Conner is dedicated to helping clients file bankruptcy while retaining their dignity and pride. We provide assistance, legal counsel and advice and will be able to answer your bankruptcy-related questions and help you file a Washington bankruptcy.

Contact us today at (206) 782-0722 for a free consultation - it's entirely confidential.

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

This web site is for general informational purposes only and is not legal advice.

The information contained on this web site is in no way intended as a substitute for legal counsel, and your receipt of the information does not give rise to a lawyer-client relationship between Matthew D. O'Conner and you. The ramifications of the law for any particular situation depend on a variety of factors, so you should seek professional legal counsel before acting upon any information contained on this web site.