First thanks for all the great info. Now my situation.
In a confirmed Ch13 since Aug 09, filed march 09. All current.
100% to unsecured. (two big ones failed to file in time 59k total)
Surrender home because between 1st and 2nd 90k upside down in March 09
Now 1st calls and offers worthwhile modification. (would be same as rent in same area with us retaining ownership)(we want to stay if possible)
Current value of home would allow for stripping 2nd if filed today.
Attn. says cannot amend to current situation in order to strip/modify. and therefore keep house.
Questions: Any ideas? Because 2nd stands to get zero in foreclosure, can I offer a settlement in order to get a release on that loan and then modify first? Assuming there is not a way to just strip it.
Seems there should be a way to save the home without messing everything else up. Home has not be sent to foreclosure dept (yet)
In a confirmed Ch13 since Aug 09, filed march 09. All current.
100% to unsecured. (two big ones failed to file in time 59k total)
Surrender home because between 1st and 2nd 90k upside down in March 09
Now 1st calls and offers worthwhile modification. (would be same as rent in same area with us retaining ownership)(we want to stay if possible)
Current value of home would allow for stripping 2nd if filed today.
Attn. says cannot amend to current situation in order to strip/modify. and therefore keep house.
Questions: Any ideas? Because 2nd stands to get zero in foreclosure, can I offer a settlement in order to get a release on that loan and then modify first? Assuming there is not a way to just strip it.
Seems there should be a way to save the home without messing everything else up. Home has not be sent to foreclosure dept (yet)
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