341 and we get this so-called "diligent" trustee

[justbroke]

I think a dangerous slope has been created by allowing Trustees to get into the "real estate" agent business.

[Resigned2BK]

Update:

A month later and things are suddenly heating up considerably. Our lawyer emailed up yesterday with details of the Trustee submitting a Motion to Sell the property submitted for the BK court towards the end of this month. We asked for some clarifying details, got the actual documentation from him and BofA really did approve the lowball offer. In fact, supposedly anything above $131K was going to be approved and the price before $20K carve out was $150K. GRRRR. So, we are going to be applying for apartments after the 4th. Hopefully we only have to apply to one place and save on app fees not to mention the stress of being concerned about who will accept us if we don't get approved based on our open case. Our lawyer told us we might be able to wrangle a cash for keys option. Seems to think the Trustee might cough that up out of his carve out although for some reason we're told to ask the listing agent about that. I sure hope we can get cash for keys. I also hope we can at least have through the first week or two of August because this will physically kill us trying to move if we only have 2 or 3 days to do that total due to when we might be allowed to take over an apartment.

I need to find that link to the real estate forum from Seattle last summer that mentioned a lot about timelines. I don't need anyone to find it for me, it's just a matter of hunting in this thread or one linked to it, I'm just brainstorming out loud. This has been a truly awful year. My mom died on June 12 and I had 2 weeks consumed with making travel plans, traveling out to the Midwest to attend the funeral, and traveling back. Thankfully this crap didn't go down in the middle of the two weeks. The one silver lining is at least we can finally get the case closed, we won't have a foreclosure either in our records, so we can start our financial lives over again fresh without existing debt looming. That'll be a blessing, but it's still a completely awful year so far.

[Resigned2BK]

I am happy for you, R2BK!! Good news about the insurance, too!

I am rather relieved about it. I'm cautiously optimistic about the opportunity. If I get a year experience, there's quite a few job listings I've seen that would pay upwards of $4-5 more per hour for starters just because of the experience.

[Resigned2BK]

thanks great news!!

by the way, is is possible to maybe get a co-signer from a family member on your apt lease??? then when it comes up for renewal you may then qualify alone?? i know no one ones to do that, but i know i would do it for my daughter or son (ok, many may NOT agree) but it's just want i would do for one of my kids if i could.

Part of the problem with that is some of these places are requiring the cosigner to make either as much by himself or more than the income minimums we have to have as a family. Like the one we really want requires a cosigner to make 4 times rent (not happening when said cosigner is on Social Security retiree income) where it only requires 2x for us as the minimum. We think it's weird too, but it's right there in the contracts.

[ValleYum]

I am happy for you, R2BK!! Good news about the insurance, too!

[tobee43]

thanks great news!!

by the way, is is possible to maybe get a co-signer from a family member on your apt lease??? then when it comes up for renewal you may then qualify alone?? i know no one ones to do that, but i know i would do it for my daughter or son (ok, many may NOT agree) but it's just want i would do for one of my kids if i could.

[pamkev]

Good news on the job front even though it's not what you wanted but it's a start

[Resigned2BK]

Update as of June 1:

We are still pending. Don't know how long it'll take BofA to approve or not approve.

I finally got a job that I'll start on Tuesday albeit a very low paying job. But it does get us more comfortably over the hump for income we needed to ensure that we can at least get approve for an apartment on those terms. We plan on doing more of a test approval at our #1 pick just to see if the BK will cause us trouble and so we can be free to move if BofA approves the low ball short sale offer and we're all out on our rears. I hate that I have to take work that has zero to do with anything else I've ever done and will be similar to feeling like cattle wedged together at the stockyard, but the upsides are not only the better chance at more comfortable rental accommodations but that I will also be able to get health and dental insurance for myself and my family once I get to the 90 day mark. Yay for that. The adults haven't been insured for just over 2 years now. And it has been a huge weight off my chest just to know that I could finally do something that will help us get past this stuff.

[Resigned2BK]

Thank you!
I couldn't find the initials of the TT, mine is MM any match? I've seen on the website about 5-7 ch7 TT listed.

Nope, not the same trustee. I just remembered I actually put the name on a thread Des had linked from this forum.

[disneyrn]

You are most likely ok as in our case, we had been behind awhile and our attorney had advised us to just surrender the house. The home grasping is a trend among most if not all of at least the trustees through the federal rules. If you went with WA exemptions to have more favorable home saving options, I doubt you'd have the same trustee. But if you are still curious, I included the guy's name in the first or 2nd page of the thread here which was reduced to initials per admin policy here at the forum. Editing capabilities are gone for us regular posters after a certain time has elapsed, so it's all there in the original format.

Thank you!
I couldn't find the initials of the TT, mine is MM any match? I've seen on the website about 5-7 ch7 TT listed.

[Resigned2BK]

I found this site not long ago and signed up. Live in Seattle and just filed ch 7 on the 15th of this month. Was wondering if you can share your TT name by pm or email? I'm starting to stress on our vehicles that they may want to take and our house being close to $125k equity allowed. We want to stay on our home and current in payments. Hope the TT doesn't try to pull a fast one.

Resigned2bk, so sorry of what your going through, know its stressful especially with kids involved.

You are most likely ok as in our case, we had been behind awhile and our attorney had advised us to just surrender the house. The home grasping is a trend among most if not all of at least the trustees through the federal rules. If you went with WA exemptions to have more favorable home saving options, I doubt you'd have the same trustee. But if you are still curious, I included the guy's name in the first or 2nd page of the thread here which was reduced to initials per admin policy here at the forum. Editing capabilities are gone for us regular posters after a certain time has elapsed, so it's all there in the original format.

[disneyrn]

I found this site not long ago and signed up. Live in Seattle and just filed ch 7 on the 15th of this month. Was wondering if you can share your TT name by pm or email? I'm starting to stress on our vehicles that they may want to take and our house being close to $125k equity allowed. We want to stay on our home and current in payments. Hope the TT doesn't try to pull a fast one.

Resigned2bk, so sorry of what your going through, know its stressful especially with kids involved.

[sh9730]

Resigned,

Just for information - you can record ANYTHING you want in YOUR house. No need to notify the other party.....

[tobee43]

i don't blame you at all, i would also, and try to get as much saved as possible.

i just HATE so much what they are putting you and yours through, i have no place to put it!!! i mean, this is one of the worse things i have ever heard anyone having to go through and i just feel so badly for you. i know you will make it through this, but i just hope that trustee is ready for their karma, i sure don't want to be around when it catches up to them.

[Resigned2BK]

Yeah - right! Now that's funny!

Not to hijack the thread, but we've been waiting over 3 years for them to take the our house. Calls to them are answered with "We'll get to it when we get to it." Actually, we just received a letter this week from their 3rd party collections arm (REDC) asking if we'd like to proceed with a DIL instead of foreclosure. If we do, we would be released from any obligation for the mortgage. Huh? Maybe they aren't aware that the discharge took car of that.

Anyway - @R2BK - I'm glad things are getting better on the apartment search. Sorry about the cats and other nonsense you're going through. Keep us posted.

As always - best wishes.

Thanks. Part of the irony is that yesterday afternoon before the inspection, we got a big envelope from BofA with an application for the HAFA short sale program of theirs. I know from the wording on the Motion to Lift Stay that BofA is allowed to pursue loan mods and everything else that THEY want to do. I just wonder if it would throw a delightful monkey wrench into this. *sigh*

Tobee, we're mostly waiting out to the end of June at minimum as eldest's school year doesn't finish for another 4 weeks. (The kids go really really late here.) If there was a chance at all of staying another school year, that would be nice for the youngest as it would be all day kindergarten. Everywhere we're looking, it's half day or pay extra for all day, but the district we're in decided to have mandatory all day K across the district starting this year. And given she never had preschool and these teachers love this sight word concept over phonics, I'd feel better about her chances of catching up and getting it if it was all day. But anyhoo. We're planning to do the app for apartment complex choice #1 in another week as more of a 15-30 day approval if the BK stuff passes muster with them. We're fine paying up more security deposit, providing stubs or tax return or whatever for proof of income, we just cannot do a thing about the case being open for this one asset of the house situation unless we decided to pay our crappy attorney about $5K to do the Motion to Compel Abandonment. $5K is about all we have in liquid resources at the moment, I'd rather keep that dough for other uses all the same.