Hello,
First, I would like to say thank you to those that contribute so much of their time to helping others with their questions or concerns. I could use some help now.
I will start with our decision to file CH 13. We have a 1st and 2nd mortage, on which we owe about $250k. In addition, we had about 55k in unsecured credit card debt. Long story short, we didn't learn our lesson the first time when we filed CH 7 in May of 2004, thus our only option was to file a 13 in Dec 11.
Yesterday I received a letter from the trustee office that said we were deliquent in our payments, although I am not really sure how. Our plan has not been confirmed yet, but half the plan payment has been garnished from my check monthly and I have sent in the remaining half via cashier's check. My plan payment is $2570/mo for 36 months and the trustee said I am behind $1235.32. I don't have this, nor the ability to get it from anywhere...so if it turns out I am behind, how do I catch up? I suppose this could be because the court order wants biweekly payments, but I only get paid once a month.
In addition to this news, my first mortgage finally filed a claim, 122 days after filing our petition mind you. In addition to filing, they have notified us that they intend to file a motion for relief from stay. What exactly does that mean? We were in arrears about one full payment prior to pettion and do have the first and second built into the plan, along with arrears for both, although I think there arrearage was intended to cover post petition.
What we would really like to is convert to a 7 when we are eligible in mid-May, dump the house and get on with life. (forogt to mention we had a CMA done which basically said we owe 70k more than we could sell for). However, I don't know how we can do that.
Does anyone have experience renting a home after surrendering theirs? I am concerned about that.
Well, the long and short of it is that I am feeling some stress over this whole delinquent thing and the mortgage company wanting to file relief of stay and could use some reassurance that the world won't end over my bankruptcy.
Thanks for your time, hope my questions make some sense.
Bill
First, I would like to say thank you to those that contribute so much of their time to helping others with their questions or concerns. I could use some help now.
I will start with our decision to file CH 13. We have a 1st and 2nd mortage, on which we owe about $250k. In addition, we had about 55k in unsecured credit card debt. Long story short, we didn't learn our lesson the first time when we filed CH 7 in May of 2004, thus our only option was to file a 13 in Dec 11.
Yesterday I received a letter from the trustee office that said we were deliquent in our payments, although I am not really sure how. Our plan has not been confirmed yet, but half the plan payment has been garnished from my check monthly and I have sent in the remaining half via cashier's check. My plan payment is $2570/mo for 36 months and the trustee said I am behind $1235.32. I don't have this, nor the ability to get it from anywhere...so if it turns out I am behind, how do I catch up? I suppose this could be because the court order wants biweekly payments, but I only get paid once a month.
In addition to this news, my first mortgage finally filed a claim, 122 days after filing our petition mind you. In addition to filing, they have notified us that they intend to file a motion for relief from stay. What exactly does that mean? We were in arrears about one full payment prior to pettion and do have the first and second built into the plan, along with arrears for both, although I think there arrearage was intended to cover post petition.
What we would really like to is convert to a 7 when we are eligible in mid-May, dump the house and get on with life. (forogt to mention we had a CMA done which basically said we owe 70k more than we could sell for). However, I don't know how we can do that.
Does anyone have experience renting a home after surrendering theirs? I am concerned about that.
Well, the long and short of it is that I am feeling some stress over this whole delinquent thing and the mortgage company wanting to file relief of stay and could use some reassurance that the world won't end over my bankruptcy.
Thanks for your time, hope my questions make some sense.
Bill
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