Hello All. I am preparing to file Ch7 Pro Se and I'm hoping you can help me as I have several questions. Any help I can get would be greatly appreciated!!
My first question is regarding a foreclosure that have from 2014. The account is shown on my credit report as closed but the only reference to a foreclosure is a note that says "foreclosure process started", which seems a bit odd to me. In any case, I believe I've read that the amount a person is liable for after a foreclosure is the amount that remains after the home is sold. I've always thought that was how a short sale worked so needless to say I'm a bit confused. However, there are 3 dollar amounts listed on my report including "original balance" which was the original purchase price, "balance" which is about $25k less the the purchase price, and a "past due amount" which is $56k. Could the $56k be all that I owe? Either way, does it matter what amount I put down? I've been given the impression through all of my reading that it is best to list the highest amount of any debt just to be sure. So that is what I had planned to do. I was going to list the largest amount as an unsecured non-priority debt but I figured it would be a good idea to check here for a more definitive answer.
Also regarding my foreclosure. I was never able to remove my ex husbands name from the loan but shortly after I told him that I was losing the house he filed bankruptcy. Is there anything special that I need to do? I thought I might include him in the mailing list but is that even necessary?
Last question for now on a totally different subject. Years ago I co-signed a bond to get someone out of jail. Clearly she didn't pay it as it's showing up on my credit report, and to be honest I'm not surprised. Do I have to file form 106H "Your Codebtors"? The reason I ask is because I have no idea where she is. Not even an old address. I took her under my wing at the time and well I clearly made a poor decision. Like I said, it was years ago. I've tried to find her a few times with no luck. Any advice on how to handle this is appreciated.
That's all for now. Thanks!!
My first question is regarding a foreclosure that have from 2014. The account is shown on my credit report as closed but the only reference to a foreclosure is a note that says "foreclosure process started", which seems a bit odd to me. In any case, I believe I've read that the amount a person is liable for after a foreclosure is the amount that remains after the home is sold. I've always thought that was how a short sale worked so needless to say I'm a bit confused. However, there are 3 dollar amounts listed on my report including "original balance" which was the original purchase price, "balance" which is about $25k less the the purchase price, and a "past due amount" which is $56k. Could the $56k be all that I owe? Either way, does it matter what amount I put down? I've been given the impression through all of my reading that it is best to list the highest amount of any debt just to be sure. So that is what I had planned to do. I was going to list the largest amount as an unsecured non-priority debt but I figured it would be a good idea to check here for a more definitive answer.
Also regarding my foreclosure. I was never able to remove my ex husbands name from the loan but shortly after I told him that I was losing the house he filed bankruptcy. Is there anything special that I need to do? I thought I might include him in the mailing list but is that even necessary?
Last question for now on a totally different subject. Years ago I co-signed a bond to get someone out of jail. Clearly she didn't pay it as it's showing up on my credit report, and to be honest I'm not surprised. Do I have to file form 106H "Your Codebtors"? The reason I ask is because I have no idea where she is. Not even an old address. I took her under my wing at the time and well I clearly made a poor decision. Like I said, it was years ago. I've tried to find her a few times with no luck. Any advice on how to handle this is appreciated.
That's all for now. Thanks!!
Comment