Saving Ch13 and delinquent mortgage.

[spidge]

The modification is now final. The mortgage companies online info has been updated to reflect the latest modification and the payment is almost close to what we started with in 2000. So the house issue seems to have been settled to a payment that creates some flexibility. Makes me rethink retirement numbers.

On aside, because of other issues we will make our August trustee payment a bit late, but not any later than we have made it before. A little disappointing, but I know we will be OK.

I feel like I am stuck under water and so very close to the surface to take a breath.

[spidge]

Yes we do!

spidge, don't worry about the plan base or percentage. Just make your normal plan payment until you are done!

That's my exact thoughts, but you know I am always looking to find an angle to finish early.

Good to hear from you Pandora.

[LadyInTheRed]

And we do miss you!

Des.

Yes we do!

spidge, don't worry about the plan base or percentage. Just make your normal plan payment until you are done!

[despritfreya]

I dont post much any more but I"m always lurking

And we do miss you!

Des.

[Pandora]

WTG Spidge I dont post much any more but I"m always lurking . We had to meet the full base plan amount regardless of the %, it didn't add up for some reason, something about the attorney fees being added in, so base plan was required, we were under median when we filed as well.

[spidge]

Going out of my mind. Trustee just distributed the July payment and we show less than one months payment on the balance owed by percentage payback. What a great feeling. Attorney states that we have to match the plan base, but I am not so sure. I am tempted to push them to actually call the trustee to find out for sure. We are under median and I wonder if satisfying the percentage would be enough.

At any rate, I will finish ready to take that next step in life!

[spidge]

4 Payments to go!!!!!
So looking forward to discharge. I know it won't get me to all my goals but it sure helps to have that cash available to chip away at them.

I am so excited that I am able to start looking at my goals and change them to better help my children.

Sophieanne, I was so excited once we were down to less than 24 payments that I started hunting for ways to pay off early, but in the end I realized it would be better to just relax and ride the plan to the end.

Now I just need to find the $2K for the AP to complete the lien strip. No worries as it will happen one way or the other.

[sophieanne]

Congatulations!!! It's nice when everything comes together!!!!

[spidge]

Today we received notice through our attorney that our mortgage modification has been approved and that we should receive the final paperwork soon.

So another item to check off the list. NICE!!!!!!!!!!

[sophieanne]

Hi Spidge..that is very exciting...i'm getting excited about going under 20 payments, but somewho 5 outstanding does seem a lot more exciting!!!!

You can see that finish line...go! go! go!

[jange]

spidge, glad to hear things are finally going your way!!! 5 months will go by quickly.

[spidge]

The countdown begins.
5 payments to go.
I am becoming a bit excited, but keeping it in check as there is an AP to deal with to complete the Lien Strip. We are about to make the 3rd payment for the mortgage trial so should have that deal done soon. The trustee and attorney say to stay the course and pay no mind to the figures seen on 13Network. I am so looking forward to helping my young adult kids get moving in life. Its one of many reasons we did all this.
Fired Up, but in a good way!!!!!!!

[sophieanne]

Spidge, I'm cheering for you..hoping what you see, is what is is

[spidge]

So it is about that time of the month when the Trustee in our case distributes the payment. So I went on 13Network to check it out and found this new box on the site. The box on the right in the attachment is the one in question and includes a bit more info. The item of interest that has me excited is the number of payment remaining. I have it down as 7 but he has 4. I'm game for that. The payback percentage was only 3% until the priority claims were all paid in full then adjusted up, but I thought the payback percentage would have been increased upwards on the unsecured claims too. The base did go up but the payback did not. No adjustments have been made, so if this stands as is we will finish 3 months early. What a deal.

Did I say I was excited? Fingers crossed it stands.

[Pandora]

Spidge

Edt to add: I suppose I should qualify this. Such has never happened in a case I handled but there is a possibility that a modified plan would be forced upon you due to an increased ability to pay (lower house payment ='s higher plan payment). Don't rock the boat as I think you are close to the end anyway??????? Just do what you need to do and follow the Plan without throwing red flags that you can now afford to pay more to your general creditors.

Des.

THIS. Yes, exactly what our lawyer said and why he told us to get a mod before we filed if we were able.