Foreclosure after Chapter 7

[samson420]

My HOA is pretty low, 30 Bucks a month. . . . .

How long do I approximately have before I have to leave? I know it's hard to say. I approximate 3 months or so after my hearing date which is next month.

[Amy26]

You can look up the foreclosure rates in your state... but in this market, its hard to say. I was discharged last month and I am still getting late payment notices from my first mortgage company.... they haven't even began the foreclosure process.

[samson420]

Nice, the longer the better. I like the idea of being able to save some money back.

[tanya0525]

My HOA is pretty low, 30 Bucks a month. . . . .

How long do I approximately have before I have to leave? I know it's hard to say. I approximate 3 months or so after my hearing date which is next month.

I live in Washington State. We have stopped payment November 2008. Waiting for discharge. So it can be a long time before you have to be out. I know some people who have been in their home for 2 yrs with no contact of forclosure from the bank.

We did move into a rental about 2 months ago.

Tanya

[flnybk]

I saw a foreclosure lawyer today since we were discharged chapt 7 in July. We stated intent on our filing but did not sign reaffirm papers for our 1st or 2nd. HE says we will be living in the house at least a year. But he did say to do something with the money (open a new account). That if it were all in the bank, that they could take it? Of coarse we don't have enough to pay the mortgage so it won't all be in there. Just wanted to know if anyone from FL had to pay money or had to show bank records? Are we allowed to have 3 months savings in our bank? How does that work?

He also said to live in the house and pay homeowners insurance and HOA. He will give us plenty of notice when to move.

[All Cash]

I don't understand the above statement. . .

I can not file for a Chapter 7 according to my income. Me and my wife make 80k+ a year.

To file as a chapter 7 the lawyer stated I pay on the house until the case is filed. When it is filed I stop paying. When I stop paying the the financial institution of the mortgage will file a motion to lift stay. I will be kicked out. . . No one ever mentioned shit about the second mortgage until I brought it up. The lawyer's office had no answer as of now. . . .

WTF?

What am I missing?

For one a second and third legal opinion.

[samson420]

Spoke with the lawyer today. Everything seems to be good. The house will go under along with the second mortgage when the Chapter 7 is discharged. I will not be responsible for the first or second mortgages.