Originally we were going to do a Ch13 because we were hoping the Bankruptcy Judge Cram Down legislation would pass, but it didn't. So now we want a CH7.
Our lawyer said we pass the Means Tests, but almost 60 days ago we called Chase/WAMU (funny..but they had already sent out a packet for us FedEx) sent it in. About 3-4 weeks ago we got a letter saying we would hear something within 30 days or by the end of May. On May 21 we got a call from WAMU asking if we rec'd the letter about the 30 days in which we said Yes. Then they called us again asking for current paystubs for the HELOC modification as well. The HELOC and the 1st mortgage are both through WAMU. I wonder if we are getting the run around with this 30 day letter. After reading some of the stories on here I won't believe anything until it's in my hands.
June 1 will be the first time we do not make the mortgage payment. We haven't been paying the HELOC for 3-4 months. We haven't been making any credit card payments or loan payments since Oct or Nov. 2008. Some have been charged off and gone to collection agencies. Sooner or later they will file a judgement for Garnishment (can't have that happen) in which case we will be forced to file and we want to keep the house if possible (only if they modify). I just hope a modification doesn't come too late. At what point do creditor push through a judgement?
Our lawyer said we pass the Means Tests, but almost 60 days ago we called Chase/WAMU (funny..but they had already sent out a packet for us FedEx) sent it in. About 3-4 weeks ago we got a letter saying we would hear something within 30 days or by the end of May. On May 21 we got a call from WAMU asking if we rec'd the letter about the 30 days in which we said Yes. Then they called us again asking for current paystubs for the HELOC modification as well. The HELOC and the 1st mortgage are both through WAMU. I wonder if we are getting the run around with this 30 day letter. After reading some of the stories on here I won't believe anything until it's in my hands.
June 1 will be the first time we do not make the mortgage payment. We haven't been paying the HELOC for 3-4 months. We haven't been making any credit card payments or loan payments since Oct or Nov. 2008. Some have been charged off and gone to collection agencies. Sooner or later they will file a judgement for Garnishment (can't have that happen) in which case we will be forced to file and we want to keep the house if possible (only if they modify). I just hope a modification doesn't come too late. At what point do creditor push through a judgement?
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