and I don't really know what the next step will be. We live in Maryland, and according to the new law, the mortgage company can't begin f/c proceedings until 45 days after the Notice of Default has been sent. I don't think we've received that yet since the Automatic Stay was in place. Here's our timeline so far, in case anyone is interested:
March 31 -- last payment made (this was for the March payment)
May 23 -- filed Chpt 7
June 26 -- Citi Mortgage (holder of the 1st lien) files for relief of stay
July 3 -- hearing for request for relief of stay
July 21 -- 341 hearing
July 28 -- trustee puts notes in PACER that case is no asset
July 28 -- relief from stay GRANTED
Our attorney says that the mortgage company will begin sending a bunch of notices that are required by state and federal law. He says, "Eventually, 4 or 5 months from now, they'll have a foreclosure scheduled. 2 to 3 months after that, you will be asked by the Court to vacate the property."
Do I dare to dream that we can stay in our house until March '09?!? We would have such a nice nest egg built up. At any rate, we plan on staying where we are through the end of the year.
Moderator: Feel free to move this to the Foreclosure section if you feel it's more appropriate.
March 31 -- last payment made (this was for the March payment)
May 23 -- filed Chpt 7
June 26 -- Citi Mortgage (holder of the 1st lien) files for relief of stay
July 3 -- hearing for request for relief of stay
July 21 -- 341 hearing
July 28 -- trustee puts notes in PACER that case is no asset
July 28 -- relief from stay GRANTED
Our attorney says that the mortgage company will begin sending a bunch of notices that are required by state and federal law. He says, "Eventually, 4 or 5 months from now, they'll have a foreclosure scheduled. 2 to 3 months after that, you will be asked by the Court to vacate the property."
Do I dare to dream that we can stay in our house until March '09?!? We would have such a nice nest egg built up. At any rate, we plan on staying where we are through the end of the year.
Moderator: Feel free to move this to the Foreclosure section if you feel it's more appropriate.
Comment