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Scura, Wigfield, Heyer, Stevens & Cammarota Blog

Wondering Why You are No Longer Receiving Monthly Mortgage Statements?

[fa icon="clock-o"] April 10, 2015 [fa icon="user"] David E. Sklar [fa icon="folder-open'] Bankruptcy, Debt Management

Mortgage-statements-in-bankruptcyIf you have recently gone through a bankruptcy proceeding, you may be wondering why you are no longer receiving monthly mortgage statements for real property. Unfortunately, a bank is not forced to send you monthly statements once you have discharged your debt for the mortgaged property. In fact, once a mortgage is in default even outside of bankruptcy, the lender does not need to send monthly statements.


Is There a Way to Keep Getting Mortgage Statements in Bankruptcy?

The only way to force a lender to continue to send monthly statements during and after the bankruptcy process is if Debtors are curing the arrears on their mortgage and maintaining their mortgage payments through a chapter 13 or a chapter 11 bankruptcy. Please see this nolo.com article for a detailed discussion of this issue and your potential options.

Contact a New Jersey Consumer Debt Attorney

If you are considering bankruptcy, contact a lawyer so you can be guided accordingly as to what your options are and what option is best for you. The bankruptcy process can be difficult to navigate, so it is important that you have someone representing you who is familiar with the process to make sure everything goes smoothly.


David E. Sklar

Prior to joining Scura, Wigfield, Heyer, Stevens & Cammarota, LLP, David Sklar graduated from Rutgers University-Newark School of Law with a J.D., Cum Laude. Mr. Sklar was the recipient of a Pro Bono Award and was honored by the New Jersey Bar Association for his commitment to the Street Law Program by being awarded the Street Law Prize.

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