Seems my mortgage company (GMAC) led me astray. I was under the "mistaken" (obviously) impression that I could do a loan modification - I held off making 2 loan payments because I assumed (wrong) that this loan modification was "automatic" - I was told 3 payments could be re-added back into the loan, they would pay my last years real estate taxes and they would also start escrowing taxes from this point on. They asked for $2000 by the 20th as a "good faith" payment. So I didn't make the loan payment, saving the money for the good faith payment and keeping us at the 3 payments behind spot.
Low and behold, I got a call from them today telling me that they couldn't help me due to a cash flow problem (they are still calculating in all our credit cards that we will be "hopefully" discharging in bankruptcy)
I had informed them in the beginning of the impending bankruptcy and at that time it was "no problem". Now I have a big problem. What are the chances they will work with me after filing bankruptcy? The agent told me until I filed bankruptcy they couldn't do anything but advise me to get current and that after filing I could re-apply for a loan modification. I don't know whether to try to get current (hard thing to do before Oct 17, but doable), just quit making payments altogether and let them take the house, start making payments and hope they will work with me or what?
I am using Bridgeport Bankrupcy "on-line" to fill out my forms. If we decide not to keep the house, what does that do with our expences. We won't rent or buy another house until we are forced out of this one.
Any advice or information greatly appreciated.
Low and behold, I got a call from them today telling me that they couldn't help me due to a cash flow problem (they are still calculating in all our credit cards that we will be "hopefully" discharging in bankruptcy)
I had informed them in the beginning of the impending bankruptcy and at that time it was "no problem". Now I have a big problem. What are the chances they will work with me after filing bankruptcy? The agent told me until I filed bankruptcy they couldn't do anything but advise me to get current and that after filing I could re-apply for a loan modification. I don't know whether to try to get current (hard thing to do before Oct 17, but doable), just quit making payments altogether and let them take the house, start making payments and hope they will work with me or what?
I am using Bridgeport Bankrupcy "on-line" to fill out my forms. If we decide not to keep the house, what does that do with our expences. We won't rent or buy another house until we are forced out of this one.
Any advice or information greatly appreciated.