Unusual Post 13 mortgage predicament

[deee3]

Filed in CA for 13 in May 08, was confirmed in June. Lien stripped 2nd and was given a five year plan with very tight parameters. Made payments for two months. Mortgage company(Option One) distress sells to Wilbur Ross Inc. for approx. 1/3. Next month, I get a letter stating adjustment to mortgage rate will be almost $500.00 additional p/m. Lawyer says within their rights and I need to decide if I want to pay it or walk. I'm thinking he should have been able to tell me before filing that this may happen. He says converting to 7 and shutting it all down poss. best option. I'm envisioning being screwed, trying to find a rental with crap credit. Requested a mod from the servicer, AHMSI. Don't seem to be getting much traction. Stopped making payments to servicer and HOA (end of this month will be 90 days) Waiting to hear from someone, but nothing yet. Not sure how this will play out, but not so hopeful. Bankruptcy was filed one week before trustee sale... anyone want to pick up the script from here?

[car67]

I got former option one and now Amshi keep us posted on the mod of loan...
If you can go 7 and still keep the pad awesome but if your in a chapt 13 your monthly payment to trustee can be reduced to offest the increase in mortgage if you get your attorney to file a modified plan to lower your payments