Here is the situation: ready to file chapter 7 but worried about being 30+ days past due on mortgage.
I have been running 28 days late for 3 months since spouses stroke and have been working on getting caught up, but when the car called it quits that put me in a position of either buy a car or lose job and therefore missing this months payment. So it will be 60 days past due at the end of this month.
I will be reaffirming the mortgage and a car loan. With everything else out of the way and not attaching bank accounts and such that will be no problem.
So should I work out a forebearance with my lender to bring payments current before filing? Can I continue to make payments during the case?
The lender is Flagstar Bank. FHA fixed @ 7%, balance below 100k and had the loan since 2004. Anyone dealt with them in a similar situation? How easy is it to get a forebearance with them? If they agree to it I would like to roll 3 payments to the end of the loan, file a 7 and be happy campers.
Our income is VA disability and my part time job. The house is worth just about what is owed at this point.
Oh yeah; passed Means way below median, no asset case, filing Pro Se.
Not getting further behind on house or having them do something horrible like start foreclosure is biggest worry - do NOT want to lose the house.
Thanks for any input!
I have been running 28 days late for 3 months since spouses stroke and have been working on getting caught up, but when the car called it quits that put me in a position of either buy a car or lose job and therefore missing this months payment. So it will be 60 days past due at the end of this month.
I will be reaffirming the mortgage and a car loan. With everything else out of the way and not attaching bank accounts and such that will be no problem.
So should I work out a forebearance with my lender to bring payments current before filing? Can I continue to make payments during the case?
The lender is Flagstar Bank. FHA fixed @ 7%, balance below 100k and had the loan since 2004. Anyone dealt with them in a similar situation? How easy is it to get a forebearance with them? If they agree to it I would like to roll 3 payments to the end of the loan, file a 7 and be happy campers.
Our income is VA disability and my part time job. The house is worth just about what is owed at this point.
Oh yeah; passed Means way below median, no asset case, filing Pro Se.
Not getting further behind on house or having them do something horrible like start foreclosure is biggest worry - do NOT want to lose the house.
Thanks for any input!
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