We caught a couple of major breaks in the last several months but I am trying to stay realistic. My wife and I are thirty payments into a sixty payment plan. We were notified in October that BOA was forgiving our second mortgage. On top of that Citimortgage has agreed to"modify" our first mortgage. Overall, a monthly payment reduction of about $1,625. My concern is the trustee's response. Our attorney seems to believe that the trustee is going to sign off on both without seeking to modify the plan. I am not an attorney but logic would seem that the creditors would be entitled to this "windfall." Has any other lister been through some thing similar or know someone that has experienced this? I think anybody on this list can understand that feeling of "waiting for the other shoe to drop."
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Worst case, you are right back where you started for a few years, and then come out ahead.
Don't spend the money yet
Realistic is good.
However, your attorney should have some idea of SOP in your district. So maybe it'll be all great.
Congrats on your good fortune. Spread it around...
Keep On Smilin'
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