How's that for a title?
I'm looking through my BK plan, trying to find areas where things might go wrong, and address issues before I file. I plan to file in November of December. Part of my plan is that I have profitable rental homes which I will keep (with mortgages), plus a mortgage on my own house.
The mortgages are paid up to date, and my attorney says we can keep them outside the plan. Depending upon which property, the mortgage is serviced by Bank of America or Regions Bank. Today, the mortgage companies are set up for automatic debit from my rental company checking account.
I've seen lots of difference comments in different threads about online access being shut off... or not... payment address being moved over and over... etc. But I can't find specific bank examples. Nor have I found if somebody filed while still set up for direct debit.
So my question... has anybody dealt with either of these banks in a C-13 with a similar situation? If so, what happened to you? Were you able to keep automatic debit running? Were your payments lost? Did the banks foreclose even though you made your payments? Etc., etc...
Thanks!
I'm looking through my BK plan, trying to find areas where things might go wrong, and address issues before I file. I plan to file in November of December. Part of my plan is that I have profitable rental homes which I will keep (with mortgages), plus a mortgage on my own house.
The mortgages are paid up to date, and my attorney says we can keep them outside the plan. Depending upon which property, the mortgage is serviced by Bank of America or Regions Bank. Today, the mortgage companies are set up for automatic debit from my rental company checking account.
I've seen lots of difference comments in different threads about online access being shut off... or not... payment address being moved over and over... etc. But I can't find specific bank examples. Nor have I found if somebody filed while still set up for direct debit.
So my question... has anybody dealt with either of these banks in a C-13 with a similar situation? If so, what happened to you? Were you able to keep automatic debit running? Were your payments lost? Did the banks foreclose even though you made your payments? Etc., etc...
Thanks!
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