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Hobbitt68
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0.10 Dollars($)
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Post subject: my lender |
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I filed chapter 7 about a year ago and my home was included in the bankruptcy. I continue to make my payments on my home, last month I
made a payment 25 days late. My lender sent me a letter stating if I did not make my payment due plus all penalties to be paid in 30 days they will start foreclosing on my home. When i called and asked about the penalties of $980.00, i was told these are fees charged to me for them checking on the property. In 1 month 13 checks and depending on weather they stop or not is the amount of each charge. Charges are 18.00$ to 65.00$ My home is on a dirt road in and area where I can see cars coming a mile away. They hae not checked on property. Are the fees legal or a scare tactic? |
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Guest
0.10 Dollars($)
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Post subject: |
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| Well... it's difficult to say!! Why don't you contact an attorney and take his opinion in this matter?! |
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alr7
Guest
0.10 Dollars($)
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Post subject: My Bankruptcy |
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| We are living in Florida State. We are filling for chapter 7 now. Do we have exemptions for our two vehicles other than wild card ($4000 each) and personal properties ($1000 each)? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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Post subject: |
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Hi alr,
Motor vehicles, up to a certain value can be exempted if you file Chapter 7. You should contact a bankruptcy attorney and take his opinion in this matter.
Thanks |
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Denise
Guest
0.10 Dollars($)
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Post subject: Bankruptcy to be removed from a mortgage loan |
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Can I file for bankruptcy so that i can be removed/ not be liable from a mortgage loan?? The mortgage is 3 years old. I do not pay anything on the home nor do i live there i was just a cosigner.
thank you. |
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smithsussane
Joined: 18 Sep 2008
Posts: 10382
Location: Alaska
976.66 Dollars($)
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Post subject: |
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Hi Denise!
Welcome to forums!
You can include your mortgage in your bankruptcy filing in order to get a discharge from it. Once you receive a discharge, you won't be personally liable for the mortgage payments.
Feel free to ask if you've further queries.
Sussane |
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ritchie1950
Guest
0.10 Dollars($)
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Post subject: disability bankruptcy |
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| What is fraudulent debts? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10382
Location: Alaska
976.66 Dollars($)
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Post subject: |
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Hi ritchie!
Welcome to forums!
The debts that you have incurred due to some fraudulent dealings or debts that you've incurred because somebody scammed you can be termed as fraudulent debts.
Feel free to ask if you've further queries.
Sussane |
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dauchz39207@yahoo.com
Guest
0.10 Dollars($)
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Post subject: il. chapter 7 bankrupycy |
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I do not want my house. it is worth not even half of what i paid for it now. How long can I stay in the house after my bankruptcy is finalized in court. My mother is on the mortgage loan. she recently died three months ago
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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smithsussane
Joined: 18 Sep 2008
Posts: 10382
Location: Alaska
976.66 Dollars($)
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Post subject: |
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Hi dauchz!
Welcome to forums!
As your mother's name is still on the mortgage, you're not responsible for mortgage payments. The lenders will normally start the foreclosure process after the payments have been delinquent for 3 months. So, you may stay in the property for at least 3 months.
Feel free to ask if you've further queries.
Sussane |
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nathan29
Joined: 22 Mar 2012
Posts: 6
2.56 Dollars($)
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Post subject: If I file chp 13 |
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| My wife and I are thinking of filing chp 13. my concern is that what I settle on may be so high that I cannot afford my new rent and kids private schooling. Is there a chance that could happen? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10443
Location: Nevada
984.98 Dollars($)
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Post subject: |
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Hi nathan,
The payment plan will be decided in a meeting where you will be present along with your creditors and the bankruptcy trustee. The payment plan will be formulated based upon your financial situation. If you find that the payment plan is too high for you to pay, you can negotiate with them and try to get an affordable payment plan.
Thanks |
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nathan29
Joined: 22 Mar 2012
Posts: 6
2.56 Dollars($)
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Post subject: Need advice |
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I have not paid my Wells Fargo mortgage in 7 months in IL. Home is worth approx $100k and I owe $162k. I could probably take every penny I have and breakeven but don’t think I want to do that since my credit is already shot.
Owe $12k on a home equity loan. Do I continue to pay the $200 month on this.
Questions
Do I continue to pay the home equity loan?
How much longer do I have? I just received a letter from the attorney, telling me I have 30 days to respond.
Do I get a real estate agent to help me find a home?
Has anyone been through this and will I find a home? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2703
Location: MICHIGAN
428.89 Dollars($)
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