how many months till we have to move...

[jerzey]

in your opinion....

we included both of our homes in the c7, our 341 is friday, Our Lawyer says it will be a few months till we have to move out

BUT our rental home was vacant the bank has already drilled the locks out BEFORE the sale date

any opinions would be great

[jerzey]

36 views and not an answer?

anyone have a rough idea?

[getouttadebt]

I guess it really depends on your mortgage lender and state you live in. Our house that we are surrendering is still *technically* mine, although it has been 4 months since we moved into a rental. Stopped by the old house last weekend and my keys still work and the house is just as vacant as I left it on February 1st. We decided to move into a rental before our credit was ruined.

If you filed in March, I would assume that you have probably 6 months or longer. Remember that when you filed, an automatic stay was placed on all your creditors. This means your mortgage lender would need to request relief from the automatic stay in order to proceed with foreclosure.

What state are you in?

Good luck,
getouttadebt

[jerzey]

I guess it really depends on your mortgage lender and state you live in. Our house that we are surrendering is still *technically* mine, although it has been 4 months since we moved into a rental. Stopped by the old house last weekend and my keys still work and the house is just as vacant as I left it on February 1st. We decided to move into a rental before our credit was ruined.

If you filed in March, I would assume that you have probably 6 months or longer. Remember that when you filed, an automatic stay was placed on all your creditors. This means your mortgage lender would need to request relief from the automatic stay in order to proceed with foreclosure.

What state are you in?

Good luck,
getouttadebt

Thank you

we are in Nevada (Vegas)

[Minnymouth]

First, who gave the bank permission to break the locks and exchange them. They are under a "automatic stay" until your BK is over or it is lifted. They have no business messing around any property that you own until it legal becomes theirs again.

It is your responsibility to maintain insurance on your properties until they are turned over to the bank to protect yourself.

I would be finding out "why" they think they the property is already back in their hands.....

During most BK's you can live in the residence for up to 6 months or longer. My home didn't sell for 18 months and I sit right there right up to sell day.....

[jerzey]

First, who gave the bank permission to break the locks and exchange them. They are under a "automatic stay" until your BK is over or it is lifted. They have no business messing around any property that you own until it legal becomes theirs again.

It is your responsibility to maintain insurance on your properties until they are turned over to the bank to protect yourself.

I would be finding out "why" they think they the property is already back in their hands.....

During most BK's you can live in the residence for up to 6 months or longer. My home didn't sell for 18 months and I sit right there right up to sell day.....

Yeah my Lawyer was pissed about it
But said "leave it alone better not to fight it just go back and take whatever you have left there"
seeing it was rental I left it alone

why keep up on insurance a side from the basic insurance issues, theft, fire, dog bites.....

18 months is crazy!
we havent made a payment in 4 months
18 months wow! Hope that happens to me

[jerzey]

double post

[CindyLou]

are you sure the bank drilled the locks????

[jerzey]

are you sure the bank drilled the locks????

900%
Lawyer called the bank on it
they said sorry but feel free to request the keys to remove any items we have