Can I save my home in chapter 13?

Chapter 13 provides a mechanism that allows you to force a lender to sit down with you and negotiate a modification of your home loan.  However, there is no requirement that the lender approve the modification.  This settlement process facilitates loan modifications by ending the confusion and complications many borrowers experience when trying to submit loan modification packets to lenders and requires the lender to acknowledge receipt of the documents, review the package for all available modifications, and increases your chances of being approved for a modification, but there is no guaranteed relief.

If you are unable to modify your loan, you can use chapter 13 to cure the arrearage on your loan.  You would be required to make your regular monthly payment throughout the Plan, plus repay the full amount that you are behind within the five year term.  You can also use chapter 13 to repay HOA obligations through the Plan period.