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Secured liens attached to Real Estate
Secured liens attached to Real Estate

How to enter mortgage claims and secured liens attached to real property into the Chapter 13 Plan Calculator

Mandy Ballinger avatar
Written by Mandy Ballinger
Updated over a week ago

When adding liens attached to property, you'll be asked if the lien is a mortgage. 

Selecting "yes", tells NextChapter that you would like the claim to be added into the Chapter 13 Plan Calculator as a long-term debt that will not be paid in full prior to the end of Chapter 13 Plan. The claim will be categorized as "Secured R/E" in the Calculator Asset Table.

If there is a lien attached to real property that will be paid in full during the plan, such as a tax lien, you can indicate in when adding the lien that it is not a mortgage. Then the claim will be added as a Secured Asset in the Asset Table and the full balance will be added into Chapter 13 Calculator. 

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