We filed Ch. 13 in the summer and had to roll some house payments (with insurance and taxes escrowed in) into the bk. Mortgage company paid the taxes and insurance like normal, but of course, now the escrow account is low. My question is, when the mortgage company re-assesses the escrow account in April, is it going to make our house payment go up? I don't think it should b/c we are paying it back through our plan. And if it makes it go up, then we just can't afford it.
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Our escrow went up (along w/our interest), our payment went up & our trustee payment went up. You will have to file an amended plan to include the increase in your payments to escrow. Do you have room in your plan to do this?Chapter 13 Filed: 2/7/07 Confirmed: 5/1/07 Discharged: 3/2/2012 Closed: 6/2/2012
130 out of 130 bi-weekly payments DONE
100% Completed
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We don't have our house payment included in the trustee payment and we don't have an ARM.Comment
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Discuss this with your lawyer. One thing I can say for sure is that your mortgage company will not make your escrow payment if there are insufficient funds in your escrow account to do so.Originally posted by iwillriseabove View PostI am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.
06/01/06 - Filed Ch 13
06/28/06 - 341 Meeting
07/18/06 - Confirmation Hearing - not confirmed, 3 objections
10/05/06 - Hearing to resolve 2 trustee objections
01/24/07 - Judge dismisses mortgage company objection
09/27/07 - Confirmed at last!
06/10/11 - Trustee confirms all payments made
08/10/11 - DISCHARGED !
10/02/11 - CASE CLOSED
Countdown: 60 months paid, 0 months to goComment
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You will have to pay your escrow, so if you can't afford it, you need to have your lawyer amend your chapter 13 plan payments so you can.Chapter 13 Filed: 2/7/07 Confirmed: 5/1/07 Discharged: 3/2/2012 Closed: 6/2/2012
130 out of 130 bi-weekly payments DONE
100% CompletedComment
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