I have saved my home from foreclosure and that is the ONLY reason I had ever filed for bankruptcy.
I had no credit card debt, no outstanding bills that were pressing and one automobile.
Ifiled in February 2006 and paid out my bankruptcy until November 2006 at which time I got laid off. Asked and got a 3 month moratorium which allowed me to find a job and work on saving money. Paid a lump sum to the mortgage company but was still behind about two months at the end of August 2007.
Found out that with the new bankruptcy laws: 1. it was hard to find an attorney in my small town without a $1000 retainer (which I had used to pay down the mortgage) 2. Had less protection as a previous filer within a two year period 3. Did not get an automatic stay as a result and had to specifically request and be granted it. 4. The first bankruptcy had not paid down more than a few hundred dollars of my arrearage with the mortgage company but the $2500 attorneys fees were paid first
So, I got bestcase bankruptcy software (free demo) made my own bankruptcy filing in September 2007 and got thru it and bargained with the mortgage company until they agreed to forgive much of my fees (this is in September 2008). With the financial climate today, I was able to have my bankruptcy dismissed (by not paying anymore fees - after I requested a mortorium for three months)
My mortgage lender is Wachovia with a finance company servicing the loan.
They were willing to work with me because in bankruptcy, they were really restricted and I pointed out to them that when I was only TWO months behind after having been 5 months behind due to illness and relocation expenses, they should never have filed another foreclosure proceeding adding an additional $3000 in attorneys fees in what I owed them.
Now I have a mortgage that is exactly the same amount (including insurance and taxes which were not included before!) and my loan life has been extended 5 years. I don't have any restrictions like I have to pay by such and such time OR ELSE, and no more bankruptcy
SO...there is hope and all these people who need to file CHAP 13 bankruptcy to save there home, PLZ DO IT! if your mortgage company will not work with you.
find a good attorney, save up your money to pay them first BEFORE the mortgage, STOP paying all those credit cards - your credit is going to be damaged anyway being behind on your MORTGAGE.
your house and automobile are your most important investments for most people and this is a guaranteed way to keep it until you can come up from underneath a drowning situation. It will at least buy you time.
Good luck everybody.
I had no credit card debt, no outstanding bills that were pressing and one automobile.
Ifiled in February 2006 and paid out my bankruptcy until November 2006 at which time I got laid off. Asked and got a 3 month moratorium which allowed me to find a job and work on saving money. Paid a lump sum to the mortgage company but was still behind about two months at the end of August 2007.
Found out that with the new bankruptcy laws: 1. it was hard to find an attorney in my small town without a $1000 retainer (which I had used to pay down the mortgage) 2. Had less protection as a previous filer within a two year period 3. Did not get an automatic stay as a result and had to specifically request and be granted it. 4. The first bankruptcy had not paid down more than a few hundred dollars of my arrearage with the mortgage company but the $2500 attorneys fees were paid first
So, I got bestcase bankruptcy software (free demo) made my own bankruptcy filing in September 2007 and got thru it and bargained with the mortgage company until they agreed to forgive much of my fees (this is in September 2008). With the financial climate today, I was able to have my bankruptcy dismissed (by not paying anymore fees - after I requested a mortorium for three months)
My mortgage lender is Wachovia with a finance company servicing the loan.
They were willing to work with me because in bankruptcy, they were really restricted and I pointed out to them that when I was only TWO months behind after having been 5 months behind due to illness and relocation expenses, they should never have filed another foreclosure proceeding adding an additional $3000 in attorneys fees in what I owed them.
Now I have a mortgage that is exactly the same amount (including insurance and taxes which were not included before!) and my loan life has been extended 5 years. I don't have any restrictions like I have to pay by such and such time OR ELSE, and no more bankruptcy
SO...there is hope and all these people who need to file CHAP 13 bankruptcy to save there home, PLZ DO IT! if your mortgage company will not work with you.
find a good attorney, save up your money to pay them first BEFORE the mortgage, STOP paying all those credit cards - your credit is going to be damaged anyway being behind on your MORTGAGE.
your house and automobile are your most important investments for most people and this is a guaranteed way to keep it until you can come up from underneath a drowning situation. It will at least buy you time.
Good luck everybody.
Comment