We just recently filed a Chp 7 & are planning on surrendering our auto due to being upside down in it. We are at 60 days past due on our note today & BOA is telling us if a payment is NOT made today, they will procede with repoing it? I 'told' them we would like to keep it, blah, blah, blah hoping to 'buy some time'.......really hoping we could keep it until after discharge, but I realize that is asking for a lot of time! We're thinking we need to make a payment today & possibly continue making payments until we are very close to discharge....
We cannot completely catch up, but can try to keep it less than the 60 day mark. After discharge we are hoping to find a lender for a cheaper auto that we can finance no longer than a year or two.
Your thoughts please?!?!
NOTE: We do NOT want them repoing from our home, as we'd like to surrender it to the bank itself (parking lot).
We cannot completely catch up, but can try to keep it less than the 60 day mark. After discharge we are hoping to find a lender for a cheaper auto that we can finance no longer than a year or two.
Your thoughts please?!?!
NOTE: We do NOT want them repoing from our home, as we'd like to surrender it to the bank itself (parking lot).
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