Last pymt 3/09 intent to accelerate sent 10-09 nothing else at all from boa
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Originally posted by flower04 View PostWe haven't paid since May 2009, filed 13 in July and haven't received any notice yet. I am living in fear that we either will get the notice to leave before we have time to "save up" ample $ for first/last month rent and deposit on a rental or that we'll want to move before any notice comes. We want to move before the next school year..so June/July/August of 2010.
Our first is with Chase and 2nd is with BofA. We are under on the 2nd by about $35k, tried to short sale but unsuccesful.8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9
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Last payment 08/2009 and I am still in the house. I should easily get to the 2 year mark. We had originally planned on leaving October/November 2010, hired a lawyer to delay the case a bit and it turned out to delay it a LONG time. There has been zero movement on my case since September 2010. Think we are just going to stay put until it works itself out. In the mean time, I have paid off a lot of bills, working on paying off vehicles, then student loans. Have money set aside for 1st/last/security on a new place, putting a couple grand into vehicles for maintenance, and then working on credit upkeep. So far so good.
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I can't even remember anymore, probably a year. Because I must have missed about 5 months of payments, then went into two 6 month forbearance plans with reduced payments, then bk, which gave me another set months of no payments, and now another loan mod attempt. But I did give them 20 years of faithful payments, netting them over a 1/4 million dollars profit.
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It has now been exactly three years since we've made payments on either our 1st or HELOC with Bank of America. To date no NOD has been filed. My company is transferring me to Dallas next month. My wife and I just got back from Texas where we just bought a new house for cash. With no debt after the BK discharge we've been able to save a ton cash over these past three years, and combined with some serious budgeting we were able to do the all cash deal on the home in Dallas. BTW it's almost twice the size of our existing home and half the price. Filing Chapter 7, while difficult to come to terms with has actually been the smartest decision we ever could have made.Filed Ch 7 - 6/30/08
341 Meeting - 7/31/08
Discharged - 9/30/08
Closed (finally) - 2/10/09
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Originally posted by cory1848 View PostLast payment 08/2009 and I am still in the house. I should easily get to the 2 year mark. We had originally planned on leaving October/November 2010, hired a lawyer to delay the case a bit and it turned out to delay it a LONG time. There has been zero movement on my case since September 2010. Think we are just going to stay put until it works itself out. In the mean time, I have paid off a lot of bills, working on paying off vehicles, then student loans. Have money set aside for 1st/last/security on a new place, putting a couple grand into vehicles for maintenance, and then working on credit upkeep. So far so good.
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Originally posted by espo1357 View PostYou might want to just pay the min on the student loan (as long as you have a low interest rate), and cash up. Something to think about.
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Originally posted by slam22 View PostIt has now been exactly three years since we've made payments on either our 1st or HELOC with Bank of America. To date no NOD has been filed. My company is transferring me to Dallas next month. My wife and I just got back from Texas where we just bought a new house for cash. With no debt after the BK discharge we've been able to save a ton cash over these past three years, and combined with some serious budgeting we were able to do the all cash deal on the home in Dallas. BTW it's almost twice the size of our existing home and half the price. Filing Chapter 7, while difficult to come to terms with has actually been the smartest decision we ever could have made.
and, for us, as well, it was absolutely the BEST business, and life decision that we ever made.
congrats on your transfer and new life!!!8/4/2008 MAKE SURE AND VISIT Tobee's Blogs! http://www.bkforum.com/blog.php?32727-tobee43 and all are welcome to bk forum's Florida State Questions and Answers on BK http://www.bkforum.com/group.php?groupid=9
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Originally posted by slam22 View PostIt has now been exactly three years since we've made payments on either our 1st or HELOC with Bank of America. To date no NOD has been filed. My company is transferring me to Dallas next month. My wife and I just got back from Texas where we just bought a new house for cash. With no debt after the BK discharge we've been able to save a ton cash over these past three years, and combined with some serious budgeting we were able to do the all cash deal on the home in Dallas. BTW it's almost twice the size of our existing home and half the price. Filing Chapter 7, while difficult to come to terms with has actually been the smartest decision we ever could have made.Stopped paying c. cards February 2009
Retained attorney 11/5/09 - $100k in C.Card debt - $120000 per year income - Filed Feb 2010 - 341 Apr 2010 - No Asset Case/Report of No Dist Apr 2010 - Discharged June 2010
Case went without a hitch! I HELD MY HEAD HIGH IN THAT COURTROOM AND NOW I AM MOVING ON!
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Originally posted by cory1848 View PostLast payment 08/2009 and I am still in the house. I should easily get to the 2 year mark. We had originally planned on leaving October/November 2010, hired a lawyer to delay the case a bit and it turned out to delay it a LONG time. There has been zero movement on my case since September 2010. Think we are just going to stay put until it works itself out. In the mean time, I have paid off a lot of bills, working on paying off vehicles, then student loans. Have money set aside for 1st/last/security on a new place, putting a couple grand into vehicles for maintenance, and then working on credit upkeep. So far so good.
Any help you can provide would be appreciated. Thank you
Max
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Originally posted by slam22 View PostIt has now been exactly three years since we've made payments on either our 1st or HELOC with Bank of America. To date no NOD has been filed. My company is transferring me to Dallas next month. My wife and I just got back from Texas where we just bought a new house for cash. With no debt after the BK discharge we've been able to save a ton cash over these past three years, and combined with some serious budgeting we were able to do the all cash deal on the home in Dallas. BTW it's almost twice the size of our existing home and half the price. Filing Chapter 7, while difficult to come to terms with has actually been the smartest decision we ever could have made.
Max
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Originally posted by MaxHouston View PostHey there Cory1848, can you basically tell me what did your lawyer do to delay your case? In my situation, I am trying to find out if B of A has filed my August 2010 NOD with my county, since they sent me a letter just this Wednesday telling me that my house is now in foreclosure. Yet I have not received any details from them in regards to what they will do next. Yet I have just received a letter from a fly-by-night type lawyer today (out of the blue), telling me that B of A has started foreclosure proceedings on my house, and he wants to help me. However I am looking to see if I can find the NOD filed with the county online somewhere, yet I know I now need a lawyer, so it would be great to learn what your lawyer did to slow things down. Yet since today's lawyer came out of the blue, there must be a public record he found of my troubles, and was able to write to me after 2 days of my receiving the B of A foreclosure letter.
Any help you can provide would be appreciated. Thank you
Max
You will receive a lot of letters from lawyers wanting to help. Some are legit and some are bottom feeders. DO you research before hiring anyone. You are receiving those letters because now it is public record. Not really out of the blue, the bottom feeders search those records everyday and send out info once they find something.
I kind of got lucky in the fact that timing played into my case. The law firm that is handling my case for the bank is now under investigation for fraud from signing all those foreclosures with bogus information. Since that has happen, everything has stopped. Good for me, bad for people wanting things over with.
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