Hi, I'm new to this board but have been lurking for a while. A few details to my situation:
State: MARYLAND
Filed Chapter 7 (no asset) on 12/2/08 (well below the median income for means test)
Had 341 on 1/7/09 - everything went well, trustee only requested copies of refinancing documents on house (refinanced in July 2006 to consolidate CC debt- 80% on 1st mortgage and 20% on 2nd)
PACER Status- "Disposition Pending"
Questions:
What does Disposition Pending mean?
Any idea why the trustee would want to see refinancing papers?
We are keeping the house but my lawyer mentioned something about not having to sign reaffirmation papers for it. He drew them up but we didn't have to sign them. When I view the 2nd mortgage on line the billing statements have a statement that says it is for informational purposes only since a bankruptcy was filled. I can't even see the 1st mortgage monthly statements but am still able to make online payments and view the balance, escrow etc.- and there is a statement online that says "Our records indicate this loan is in bankruptcy"- We are current (never been late) on both of these loans. From what I read on this board it seems that you don't need to reaffirm the mortgages as long as you continue to pay on time nothing will happen. Is this correct? I just want to be sure that we won't loose our home if we don't officially reaffirm the loans.
The attorney did have us sign and send reaffirmation papers for our car to the CU- any ideas as to why we needed to reaffirm with the CU but not the mortgages?
Last question:
Since the trustee only requested the refinancing papers at the 341 and didn't question anything else do you think we are in the clear? Do problems usually arise after the 341 if the trustee didn't question anything at the meeting.
I, like many on this board just want this to be finished and can't stop worrying that something will go wrong.
Thanks
State: MARYLAND
Filed Chapter 7 (no asset) on 12/2/08 (well below the median income for means test)
Had 341 on 1/7/09 - everything went well, trustee only requested copies of refinancing documents on house (refinanced in July 2006 to consolidate CC debt- 80% on 1st mortgage and 20% on 2nd)
PACER Status- "Disposition Pending"
Questions:
What does Disposition Pending mean?
Any idea why the trustee would want to see refinancing papers?
We are keeping the house but my lawyer mentioned something about not having to sign reaffirmation papers for it. He drew them up but we didn't have to sign them. When I view the 2nd mortgage on line the billing statements have a statement that says it is for informational purposes only since a bankruptcy was filled. I can't even see the 1st mortgage monthly statements but am still able to make online payments and view the balance, escrow etc.- and there is a statement online that says "Our records indicate this loan is in bankruptcy"- We are current (never been late) on both of these loans. From what I read on this board it seems that you don't need to reaffirm the mortgages as long as you continue to pay on time nothing will happen. Is this correct? I just want to be sure that we won't loose our home if we don't officially reaffirm the loans.
The attorney did have us sign and send reaffirmation papers for our car to the CU- any ideas as to why we needed to reaffirm with the CU but not the mortgages?
Last question:
Since the trustee only requested the refinancing papers at the 341 and didn't question anything else do you think we are in the clear? Do problems usually arise after the 341 if the trustee didn't question anything at the meeting.
I, like many on this board just want this to be finished and can't stop worrying that something will go wrong.
Thanks
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