DSELP loan question

[BKlooker]

Yea it was a hard thing to realize i would likely have to give this home up, but I am young (mid twenties) and was early 20's when i bought it. I had hoped to stay in it for 6-7 years and then rent it or sell it for extra cash. But because of a combination of the market in the tanker, the ARM reset and miscalculation of the monthly amount I would pay on the original loan papers (they "forgot" to include the taxes..so an extra $500 a month with reset rate and taxes included), coupled with student loan payments, CC debt, and my job in the state of pay freeze/no raises for another year or two.....it's just not going to work out.

But because of my age, I am not worried about it as far as having to let it go. It's a tiny little house (which I am not overly emotionally attached to) and I need more space anyway. And at my age, I can rebuild my credit over the next 5-6 years and buy a real 'settledown' pad at that time (i have no intention of buying anything else for a good 5 years). I am fortunate not to have children or a husband, so it's just me that's effected by all this. I've learned a lot from this whole adventure though. I am enjoying the rent-free/CC payment free deal at the moment and saving money to move.

[BKlooker]

Thread Update.

Visited with the paralegal this morning. We looked through my loan documents and found the deed on the second noted mortgage. It’s still ‘attached’ to the State Community Housing Authority (CDA), but the responsible ‘lender’ is noted as the original mortgage company.

My lawyer is playing it on the safe said and listing both of them (CDA and 1st American) on both the original and DSELP, and keeping the original notice to the sub-servicer as is. It only cost $76 to get it amended in total, court charges about $26 and attorney charges $50, so no big deal. They said they would have it refilled before the end of today.

*wipes sweat off forehead*

The good news is the attorney said that the Trustee hasn’t requested any extra docs from me, and that they usually get in contact within the first 5 days after filing (our state moves fast apparently) if there is a question or if they need anything, so that’s a good sign . 341 is in 18 days. I gotta take the second half of my credit counseling course this weekend.

Side note: I cried like a baby with the paralegal today. Sleep deprivation coupled with bottled emotions over the past month just got to me. She was really sweet about it, had tissues on hand right there (now that’s a good law office ;) ) and said she would do whatever she could to help me out, and I was one of her favorite clients. It probably helps that I bring a dozen donuts everytime I stop over there

[tobee43]

BK!!!!!!!!!! i'm SOOOOOOO glad to hear this!!!!

i have learned there is NOTHING we cannot make it through...really......and i know and understand the terrible stress...all along the way, the fear, the tears...

NO donuts!!! LOL!!!!!!!!