Depositing paychecks and immediatly withdrawing them?

[doni49]

Do you have friends or family who would be willing to cash the check at their bank and give you the cash?

As far as having proof of what your income is/was, you could make copies of the checks before getting them cashed.

[keptdigging]

Please do some research... a lot of research on reaffirmation. It is rarely in your interest and isn't necessary to stay in your home. As for proving income for it... no... reaffirmation is a bankruptcy form. Lenders don't get to have requirements--you are simply reaffirming the original contract and they have no say.

But I was reluctant to even mention that because the biggest misconception I see on these boards is that people want to reaffirm their mortgage.

Here's a recent thread, started by a bankruptcy attorney:

http://www.bkforum.com/showthread.ph...very-bad-idea.

[tobee43]

Do you have friends or family who would be willing to cash the check at their bank and give you the cash?

As far as having proof of what your income is/was, you could make copies of the checks before getting them cashed.

yes...that could work...and you'd still have your pay stubs and or the copies of the checks...also the court will be asking for your tax returns so that is also REAL claimed income.

however, if you are worried and want to protect your money, i agree...keep it out of the bank. i know there could be a 30 second window time period from deposit to them grabbing it, if there is a judgment sitting at the bank allowing them to put a lien against your checking account.

[Epic]

Thank you for the link! Answers a lot of other questions I had! Yes, in my case it is in my best interest to stay in my home as I recently got my loan permanently modified to more than half of what my original mortgage used to be. It would cost WAY more to rent even a studio apartment in my area, plus I still get the property tax write off.

I have been keeping copies of my checks prior to cashing them out as well.

Thank you again folks!