Wells Fargo filed Motion for Relief of Stay

[notadeadbeat]

Hi
Wells Fargo filed the Motion for Relief of Stay only 14 days AFTER I filed BK7.
Is this really fast or what?

What happens next?

[AngelinaCatHub]

Well seems like it is, but by now, they are probably in practice and have this down to a fine art. As you know, it is just a way to release your house for foreclosure against the automatic stay. 'Hub

[notadeadbeat]

How long is the entire process? estimate from the Stay being released to
foreclosure..........

[OhioFiler]

Spend some time reading the foreclosure board here. Lots of great info for you that will probably help calm you down.

[JRScott]

Wells Fargo is very much unfriendly to bk filers

How long it takes will depend on your states laws, the relief probably within a week or two but foreclosure in some states can take years.

[notadeadbeat]

Wells Fargo is very much unfriendly to bk filers

How long it takes will depend on your states laws, the relief probably within a week or two but foreclosure in some states can take years.

Does anyone know how long it takes in NEw Hampshire? Where would I find out?

[reeltrouble]

They were very fast on ours as well.. We surrendered our property with Wells, so not sure if that helps. I actually called them to offer a deed-in-lieu to get it out of our names faster, and they refused, requiring me to list for sale for 60-90 days before they would even consider it. They didnt want to listen when I told them we had it listed for almost 2 years before bk....

[curtb07]

Hi
Wells Fargo filed the Motion for Relief of Stay only 14 days AFTER I filed BK7.
Is this really fast or what?

What happens next .................................................. .................................................. .......................notadeadbeat this is what happenned to us we are in mass we filed june 18 recieved letter on the june 25 for wells fargo to lift motion for relief of stay...my attorney filed a motion with the court...our 341 is wed july 22 and the court date for the hearing of the relief from stay is august 6 ......if that helps out at all

[TBLTZ]

is everyone current on their loan or behind in payments?

[curtb07]

we are behind

[Amy26]

Is it bad that my mortgage company has not filed for a relief from the stay? I actually am letting my house go and I want them to take it! So, I assume that if they haven't even filed for a relief that they are no where near close to foreclosing on me?

[curtb07]

i could be wrong but i think it has to do with the lenght of time you are behind. if your not really behind they might be thinking you will be staying in the house. with my mortgage bill last month they stated that they were starting the foreclosure process right after we filed

[Amy26]

Well, my bankruptcy petition had a form in it about my house saying we were surrendering it... so, I would think they would have a clue! I haven't paid it in oh.... lemme see... since april? Maybe March... can't remember.

[MSbklawyer]

Well, my bankruptcy petition had a form in it about my house saying we were surrendering it... so, I would think they would have a clue! I haven't paid it in oh.... lemme see... since april? Maybe March... can't remember.

In some situations, the mortgage company would prefer that you stay in the house whether you are paying them or not. See, if you move out and they can't sell the house right away, there may be a vandalism danger, they have to board up the windows, they have to pay someone to keep the grass mowed etc. If you stay there, the house will remain in relatively salable condition -- at no cost to them.

Another possibility is that they are waiting for you to get your discharge and your bankruptcy case to be closed so that they don't have to pay the ~$200 and related attorney fees to get the stay lifted.

[notadeadbeat]

I wasn't even 60 days past due when I filed on June 28th. I tried to get them to do a deed in lieu before I even thought about BK7.
I am shocked that this all happened so fast! My 341 is on the 30th of this month and their hearing for the stay to be lifted is in August.
My lawyer said the Trustee has 2 weeks to allow or disallow the stay to be lifted, so I guess it should be anytime now.
I so wanted to NOT HAVE THEM foreclose on me so it wouldn't be in the paper's etc..... My lawyer is hoping they will look to her for a deed in lieu
before that time comes.
Once the stay is lifted, does anyone know how long till they can foreclose in NH?