Conduit vs. Direct Mortgage Payments – The Case Law To Consider1
The requirement that debtors pay their mortgage payments to their Chapter 13 Trustee as a “conduit” has advantages and disadvantages. One advantage is the fact that the Chapter 13 Trustee’s records are readily accepted by both the court and creditors in the event of a payment dispute. This advantage provides a clear payment record for all parties, protects debtors who are making payments. The cost of paying the mortgage through the Trustee as a conduit can be a disadvantage . . .
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