Posting in a seperate thread........
OK, got a situation I guess.
When we were at the 341 my lawyer mentioned this might happen and we got a letter Saturday.
We want to keep one of our cars and we are surrendering the other one. The one we want to keep is with Ford Motor Credit and they had sent a re-affirmation agreement to my attorney for us to sign which we did. However, my attorney said something about since we were a presumed hardship that she would not sign it because if she did she would actually become liable. (Serious?) Anyway, it seems as though a local lawyer on behalf of Ford is setting up a hearing for us on 10/28/09 where my lawyer had told me they would do.
This has to do with the fact that we were like $2,300 a month upside down on our budget schedule but that was of course before all the stuff we gave up was gone. We can afford the car, do I have to go to this hearing with a budget or something to show we can?
Ford is offering the same deal and interest rate but they included something showing we owe $5,000 more than the car is worth. Do we have a possibility here to get the judge to cut down the debt since the car is worth more than we owe? The car is actually worth more, the dumb lawyer did a base model 4 cylinder and we have a loaded out 6. Still if there is a way we can save some money here, that's fine with me.
We aren't going to not be able to keep this car, huh?
OK, got a situation I guess.
When we were at the 341 my lawyer mentioned this might happen and we got a letter Saturday.
We want to keep one of our cars and we are surrendering the other one. The one we want to keep is with Ford Motor Credit and they had sent a re-affirmation agreement to my attorney for us to sign which we did. However, my attorney said something about since we were a presumed hardship that she would not sign it because if she did she would actually become liable. (Serious?) Anyway, it seems as though a local lawyer on behalf of Ford is setting up a hearing for us on 10/28/09 where my lawyer had told me they would do.
This has to do with the fact that we were like $2,300 a month upside down on our budget schedule but that was of course before all the stuff we gave up was gone. We can afford the car, do I have to go to this hearing with a budget or something to show we can?
Ford is offering the same deal and interest rate but they included something showing we owe $5,000 more than the car is worth. Do we have a possibility here to get the judge to cut down the debt since the car is worth more than we owe? The car is actually worth more, the dumb lawyer did a base model 4 cylinder and we have a loaded out 6. Still if there is a way we can save some money here, that's fine with me.
We aren't going to not be able to keep this car, huh?
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