Hi, new here, need some help.

[lynnws]

Someone was out here taking pics of the outside of the house this morning, I bet it was for Wells, they must be getting ready for a sale date. Yes, I agree about moving before filing. I sure hope the foreclosure is done within the first 2 yrs.

[LadyInTheRed]

If you do a 5 year ch. 13 plan (over median, automatic 5 years) then as long as the foreclosure is finalized within 2 years of starting, you should be able to get a mortgage when your plan is completed.

I don't think that's true. If you file a Chap 13 before foreclosure, when the bank actually gets around to foreclosing is irrelevant as far as your ability to get a new mortgage is concerned. The debt will show as "included in bankruptcy" on your credit report. The foreclosure will not appear on the credit report if it occurs after the Chap 13. I could be wrong. I'm basing this on what I've read on these boards.

Before moving out, I'd talk to my attorney about what affect staying would have on your plan. If you can get a budget that includes rent you think is realistic, it sure would be nice to live in the house free for a while.

[lynnws]

Thanks, I am not sure how much time we have if the foreclosure has started. The lawyer I contacted emailed me the paperwork, told us to fill it out and return, if she has questions she will call us, then we will go in to sign petition, does that sound right? I wanted to meet with a lawyer and make sure our budget is the best it can be for us.?

[lynnws]

I have emailed her and called and left a message, not returned yet. I need to know if I should stop all payments on car, ccs(my credit cards) and so on. ?? I'm stressing.

[lynnws]

How can I figure out what to change our withholdings too on our pay, so we don't get a big refund?

[momofthree]

How can I figure out what to change our withholdings too on our pay, so we don't get a big refund?

Most attorneys have software they can use to calculate what your withholding should be.

[SMinGA]

I recall the IRS website having a calculator also, where you put in info (date, gross, taxes withheld) in from your last stub + info on your pay schedule and normal pay amounts (to predict rest of year income) + filing status, dependents, etc. and gives a recommendation.

Would also need to adjust again in January to get it right going forward.

[lynnws]

thanks!