Chapter 13 Advice.

[steve2008]

I was wondering about how to interpret this?

Off my listing of claims summary.

Mortgage payments [Current].

{Priority}{Secured}{Unsecured}

{Claim Amount} $2,234.38-$26,631.66-$7,459.19 = Total $36,325.23
{Principle paid} $0.00 $14,085.18 $0.00 = Total $14,085.18
{Interest payed} $0.00
{Scheduled Amount} $119.00-$26,045.90-$16,565.79 = Total $42,730.69
{Principle owed} $2,234.38-$12,546.48-$0.00 = Total $14,780.86

I just printed these numbers off from my chapter 13 case online.

What is the difference between principle owed and scheduled amount?

Thank you.

Steven2008

[arkienurse]

I was wondering about how to interpret this?

Off my listing of claims summary.

Mortgage payments [Current].

{Priority}{Secured}{Unsecured}

{Claim Amount} $2,234.38-$26,631.66-$7,459.19 = Total $36,325.23
{Principle paid} $0.00 $14,085.18 $0.00 = Total $14,085.18
{Interest payed} $0.00
{Scheduled Amount} $119.00-$26,045.90-$16,565.79 = Total $42,730.69
{Principle owed} $2,234.38-$12,546.48-$0.00 = Total $14,780.86

I just printed these numbers off from my chapter 13 case online.

What is the difference between principle owed and scheduled amount?

Thank you.

Steven2008

If I have it figured right, scheduled amount is what you would have owed if everyone had filed their claims. Principle owed is what they calculate you still have left to pay. I think- if I have grasped my own numbers correctly.!!!


Just for fun, and to help me remember I just now logged onto my trustee's website and copied my numbers. This is what it is showing on the payee's page. ( and remember I have been closed for almost a year. At one point I thought I would have to pay the 3800 because we were originally 100% payback- got changed to a pro rata that ended up being 84.61% for the unsecured claims)...............

priority ------ secured ------- unsecured
Claimed ---$1,546.47 ------$73,702.72 ------$26,885.99
Scheduled ---$1,484.00 ------$27,183.96 -----$31,483.66
Principal Paid---$1,546.47------$17,608.48 ------ $23,055.10
Principal Owed---$0.00 ------ $0.00 -------- $3,830.89




So if you are less than 100%, you might not have to pay every cent that is listed under principle owed.


Does this help any at all? And did you get any of the tstorms last night? I am on the Ouachita and can here thunder in the distance again

[steve2008]

Thank you Arkienurse.

I sent this complaint to my Trustee`s office:



Me and my wife filed a chapter 13 bankruptcy April 12th 2006 in north louisiana/shreveport for 48 months.Our Trustee {Name}has been paying our mortgage servicer $496.12 a month faithfully out of $668.00 a month.Our Trustee sends us a yearly periodical report one in June 07 one in June 08 we are very thankful for.

The mortgage servicers {name} upon our filing reported two claims to be payed to them 100%.One was for $24,309.88 and one claim for arrears $2,321.78 for a total of $26,631.66


The mortgage servicer has been sending us statements off and on since we filed with a return envelope.Their statements do not reflect in no way what our Trustee Mr {name} reports.Our Trustee reports we owe the mortgage servicer $12,546.48.Our mortgage servicer on their last statement in July was a reflection as of 7/24/08 $21,986.23



The difference is $9,439.75 .Our mortgage servicer is clearly not applying this money to our debt they claimed.We are exempt from property taxes they know of and still charge and hold in Escrow.We keep our own private homeowners insurance that will cover up to $30,000.00 in loss and they force their own insurance that is held in Escrow.We fax them proof and send them proof by certified snail mail.

Our mortgage servicer has so many errors showing from escrow to principle balances that clearly is misinformation and fraud.I have all these documents to back these allegations up.Our Mortgage Servicers statements also reflect interest of 11.6250%

What could a poor disabled man and his hard working wife do knowing these errors?I see a violation of the Automatic Stay by sending me mail with return envelopes and not reflecting our Trustee`s balances owed ect.They were notified by our Attorney of the BankRuptcy we filed and not to mail or call us.

Could our mortgage servicer be committing BankRuptcy fraud and violating the Automatic Stay and Chief Judge {name} along with United State Government Court Rules?

My mother died in March 2006 of a fatal heart attack after trying to deal with this same predatory mortgage servicer.My mother and wife were at that time on the Mortgage my mother primary my wife secondary.Mortgage servicer {name} was notified of my mothers death with a copy of the death certificate.The property reverted to me and my sister 50/50.A succession was done then my sister donated me her 1/2.The mortgage servicer still sends statements in my mothers dead name when they know she is dead they were faxed this proof.They actually killed my mother by getting her so angry when they sent her forecloser papers on land she payed the notes on before the due date by western union quick collect 9 days early that they always posted as late ect.Her last day alive was ended shortly after her phone conversation with them March 16th 2006 at 61years old.

Me and my wife were forced into BankRuptcy to save our home I have lived in since 1971 and my wife since we were married July 27th 1988.

I pray for your most needed help for Justice.

Mortgage Servicer.
Name

Address
Loan #

Our BankRuptcy case #


Thank you for listening.

God bless America and its Citizens Constitutional Rights as Ordered by our Judges and Court`s Rulings and Protections under USA Government Law and Order.

Steve last name
Address
ph#

PS.Our case is 100% to be payed on all creditors claim.

We only owe our mortgage servicer according to the Trustee report $12,546.48

My research has revealed their little criminal plans.

[lrprn]

BKP 1, FLam 0

BKParalegal, correcting information is one thing, but this "score" is completely unnecessary.

If you meant what you said in another post that you are here trying to help folks with their bk issues, that doesn't jive with this kind of unnecessary, "in your face" member baiting.

If this behavior happens again, you will receive a 7-day ban from posting. If it still continues, then you will be permanently banned (a shame because you have a lot to give to the posters here). Consider this your one warning.

[lrprn]

[May I ask what "BKP 1, Flam 0" represents?

Flamingo, please take this flame war between the you and BKParalegal to PM. It's hijacking threads and distracting everyone from providing the answers the original poster needs.

Frankly I suggest completely ignoring this type of internet forum "poke the bear" antics. Trying earnestly to defend yourself is exactly what a flamer is after and it just escalates the fire. As hard as it is, please immediately report further incidents like this as problem posts and let us mods deal with it - that's why we're here.

[steve2008]

Thank you Moderator.

I did come here to get help not watch arguments.

Much respected lprn.

Steve2008.

[funspot08]

Claim vs. Schedule

Steve,

When you filed each creditor had an amount that you (or attorney) put on the schedule of what you believed you owed. When the creditor made a claim, they verified the information and the claimed amount is how much you owe on.

So, based on what it looks like here:
"priority ------ secured ------- unsecured
Claimed ---$1,546.47 ------$73,702.72 ------$26,885.99
Scheduled ---$1,484.00 ------$27,183.96 -----$31,483.66
Principal Paid---$1,546.47------$17,608.48 ------ $23,055.10
Principal Owed---$0.00 ------ $0.00 -------- $3,830.89
"

If that number above is the unsecured creditors, you are paying on the 26,885.99, forget that the 31,483.66 exists.

[steve2008]

Thank you funspot08.

The claim amount on my secured was $26,631.66.It shows as of print out yesterday $12,545.48 principle owed 8/3/2008.On the chapter 13 website of my account.

There were 29 claims confirmed on 6/27/2006.

On our Trustee`s listing of claims all but 3 are left with a principle balance.

Principle showed left.

#1.Mortgage servicer principle owed $11,410.76.Scheduled amount $24,309.88 monthly payment $496.12

#2.Mortgage servicer arrears principle owed $1,135.72.Scheduled amount $1,736.02

#3.IRS Claim amount $2,234.38 principle owed $2,234.38 Scheduled amount $119.00

Mortgage servicers last month statement shows a principle balance $21,986.23 as of 7/24/08.when our Trustee report shows principle owed $12,546.48 as of 8/3/2008


Something is very fishy here dont you agree with what our mortgage servicers statements report compared to our Trustees report?

I will be mailing payment #28 today $668.00 with 20 more months to go.Also Friday 8/1/08 renewed our yearly homeowners insurance policy and the renewal date was not until Sept 27 2008.We try to keep things rolling early and thank God for a papertrail and help from people like you on this board that really do want to help.

Thank you.

Steve2008.