Bank of America Halts Foreclosures in All 50 States

[bkw1nter]

Because we were giving up our home. By not having a housing payment we didn't qualify for chapter 7. It looked like we had disposable income. We back and forth over this. We couldn't pass the means test without including a house payment.

Yeah we didn't qualify either if we didn't include the house payment, so we included the house in the BK we were going to stay when we filed but the bank (BOA) took our mortgage payments for two months and applied them to back taxes then sent us Relief from Stay saying that we were two months late by then our house was already 100k upside down so we decided to let it go..... We were never told we couldn't stay in the house though....

[tanya0525]

Why did you have to move out that makes no sense, we were discharged from Chapter 7 in October 2008 my lawyer said they could kick me out within 30 days but that never happened....

Because we were giving up our home. By not having a housing payment we didn't qualify for chapter 7. It looked like we had disposable income. We back and forth over this. We couldn't pass the means test without including a house payment.

[bkw1nter]

Why did you have to move out that makes no sense, we were discharged from Chapter 7 in October 2008 my lawyer said they could kick me out within 30 days but that never happened....

[tanya0525]

Our last payment was October 2008. We moved out july 2009 when we filed BK..couldnt file 7 unless. Still nothing...I'm so flipping pissed off by this.

[bkw1nter]

Month 26 living rent free the banks are in business to make money and so am I, there is no reason to feel dumb about paying or guilty for not paying they sure as he11 don't feel guilty about foreclosing on you!

[tiffanydawnn]

LOL I feel absolutely NO guilt. I have been trying to do a workout since July 2009, before I had a single late. They made me wait until I missed a payment. That was in October. They lost my documents and switched negotiators so many times that I just gave up. Not to mention that my house in now $40K underwater. Not worth it!

[Billssuck]

Hmmm...just wondering if my foreclosure will take longer than it already is...haven't heard a peep from BOA and stopped paying with my May payment. I'm still in my house saving good $$$$ and enjoying rent-free for now. I feel a little guilty then I get over it...

[ccsjoe]

Yes, the case will proceed as usual but will stop at the actual sale until BofA lifts the suspension.

[tiffanydawnn]

So what does this mean? BOA just filed foreclosure on my house on 9/28/10. I haven't been served yet, but a writ was issued on Tuesday. I am 12 months behind. Will the case proceed as usual?

[ccsjoe]

oh...and how we need that SALE to get our names off that darn deed!!!


how many times did you check pacer today??? LOL!!!! just asking?

Twice...no charge...lol

[ccsjoe]

I feel dumb for continuing to pay my discharged, non re-affirmed "mortgage" with BofA each month. We are still flat broke because of this mortgage (aka rent payment), but we continue to pay because it the "right thing to do." How dumb am I? I could be pocketing this money and living here rent free for months & months and MAYBE just MAYBE I'd have a savings account and be able to sleep in peace at night...... but NO !!!! I pay it. How dumb am I ? I feel pretty dumb about it .....

As jb said, only dumb if you're going to surrender the house.

[justbroke]

You're only dumb if your intention is to actually surrender the residence. Don't think of it as not paying, since you discharged your legal responsibility to pay. The lenders actually like that someone is living there, because it keeps the chances of it being vandalized and/or stripped down low. SO much so, that some lenders are renting the places back to the recently foreclosed-upon homeowners!

[tobee43]

Correct. The foreclosure process as such continues uninterrupted. Only the actual sale of the properties is halted at this time.

oh...and how we need that SALE to get our names off that darn deed!!!


how many times did you check pacer today??? LOL!!!! just asking?

[Poorhouse64]

I feel dumb for continuing to pay my discharged, non re-affirmed "mortgage" with BofA each month. We are still flat broke because of this mortgage (aka rent payment), but we continue to pay because it the "right thing to do." How dumb am I? I could be pocketing this money and living here rent free for months & months and MAYBE just MAYBE I'd have a savings account and be able to sleep in peace at night...... but NO !!!! I pay it. How dumb am I ? I feel pretty dumb about it .....

[ccsjoe]

This won't halt a redemption period. This is a voluntary suspension of the foreclosure lawsuits themselves.

Correct. The foreclosure process as such continues uninterrupted. Only the actual sale of the properties is halted at this time.