First Pacer Entries Ahhhhhhhhh

[demismom]

Okay - first, I thought I'd be really cool with all this stuff, but OMG - it's freaking me out. Second, I think I understand what transpired, but I would like some clarification.

There was an order terminating Automatic Stay to or for my Mortgage Company. I assume that means they're good to go to start the foreclosure proceedings? We're surrenduring the house so this shouldn't be a problem, right? What do we need to tell the renters? Anything? I mean as far as how long they can stay or will the mortgage company take care of all that? They haven't been paying us rent anyway, we think the guy lost his job.

Anywhere there was a document about a hearing to lift the auto stay for July 17th, so does that mean it hasn't officially been lifted yet? Do we have to appear at this meeting? They still have our address wrong, so we haven't officially received the notice. TIA!

[BKTango]

First, call the clerk of the court, your lawyer, or someone and make sure your address is changed immediately. You may not want your bankrutpcy papers with all of your personal information landing up in someones elses mailbox.

I am not sure about the hearing, but yes the lift of the stay is so they can begin the foreclosure process. Some lenders are different in the timeline. So I couldn't tell you how long there is until it's foreclosed. But as the "owner" of the home it's your responsibility I would think to let the renters know. I mean at the very least it's common courtesy, so they can begin to find another place to live.

[demismom]

Tango - thanx. Yeah, the lawyer already knows about the wrong address. It's "technically" correct, but our stupid post office employees here won't put it in our PO Box if it's NOT on the envelope. How stupid is that? Hope she fixes it soon!

They already know we filed bankruptcy, I was just wondering I guess, if anyone had any idea of what we should tell them as far as a timeline goes. We filed June 4th and on the 19th the Motion for terminating AS was filed and today the order terminating the autostay was filed as well as some hearing about it. Not sure what that is all about.

[BassBoy]

Let's see if I can share some info with regards to timeline. I/we filed Oct. 2005, surrendured the home, the Stay was lifted Dec. 2005 and the Sheriff's Sale wasn't until Jan. 2007......so.......it was 15 months before the home was no longer ours (going from the date we filed). It wasn't until May 2007 until someone (an actual person) bought the home from the lender (who bought it at Sherrif's Sale) and begun to fix it up. I believe you could/should have anywhere from 12 to 18 months in a Judicial Foreclosure State.