My last Chapter 13 payment was made in Dec 07. Trustee logged it in as received in January 2008. They annotated my file as "complete pending official discharge" on 2/6/2008". Today I locked-in for a low rate mortgage refinance. Trustee says it may take 60-90 days before "discharge" is "official". I can not afford to lose this loan opportunity to reduce my payments. What can I do to get something quick to satisfy loan company? Trustee letter I have says its complete, but still open pending official discharge. Help?
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Sorry, that is the best you are going to get from the trustee, and until it is discharged, there is not much else you can do.
But, realistically, if you qualify for that loan now, why would you not qualify for it a few months from now? -
Chapter 13 "completed" need proof for loan
I will qualify, but my mortgage lock-in rate is for 60 days max. If I don't get satisfactory documentation from the Trustee within that timeframe, the lock expires, rates go up, etc.Comment
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I can't imagine you will find a sharp increase in mortgage rates within your 60-90 day period. You should be fine.
What kind of a relationship does your lawyer have with the trustee? Any chance he/she could mention it to the trustee, and perhaps put your case on the front burner???You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icing
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Have you searched out refi rates and brokers lately? Rates went up over 1 % in the last 4 weeks. Brokers change their tunes on fees and points and rates at every opportubity. Took me 4 weeks to finally get a good deal, now possible discharge documentation could ruin things. My attorney pays less attention to me now that my case as completed, so I'm fairly disgusted with him.Comment
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Yes, I'm aware they have come up in the past month or so. Experts say this is due largely in part to the recent increase in re-fis.
They also expect this rate to drop over the next month and then level off in the coming months.
Keep your chin up. Things will work out for you, I'm sure!You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icingComment
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rates will go down no doubt the markets are going to tank this yearStarted in Chapt 13 Switched to Chapt 7 Discharged 2009 Dec.........Filed New Chapt 13 in 2010 to deal with new surgery bill and stripped second mortgage! The story continuesComment
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