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Can I make a biweekly mortgage payment in a Chapter 13?

by speaki_144_237 from Whittier, California. Feb 27th 2013 Reply


yes

Feb 27th 2013
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

Yes but I don't recommend paying a 3rd party for the privilege. You'd be better off budgeting for it and setting the funds aside to make your own payments. And as PaulJohnson said, keep track to ensure any additional principal is applied properly.

Feb 27th 2013
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Yes... In most cases. The Chaper 13 doesn't matter, it is just if your current servicers allows for bi-weekly payments. Most do, but a very small number don't. Check with your servicers.

Feb 28th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

That shouldnt be a problem at all! Just be sure to document the pmts to make sure the pmts get credited accordingly. Andrew

Feb 28th 2013
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Steve Goldfield (starrgate)
#842 ranked lender in California - 1 contribution

You would be best to consult your bankruptcy attorney for the answer.

Feb 28th 2013
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