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wd2005
Registered User
Last Activity: 10-18-2018, 11:13 AM
Joined: 09-22-2012
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  • wd2005
    replied to How Soon After 13 to Buy House?
    Technically you can qualify, with trustee approval, for an FHA while in Chapter 13. Just need a year of on-time payments....
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  • wd2005
    replied to How Soon After 13 to Buy House?
    Ya, unfortunately while FHA allows us to get into a house right away it comes with PMI. The prices in my market have been climbing fast the last year or so and with rates going up I'm going to go FHA post discharge as soon as I can. I'll have to raid some of my 401K for the down payment but it is what...
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  • wd2005
    replied to Worst case scenario
    That's why you have an attorney. A Chapter 13 is based on your available disposable income, means test, etc. If you have a major life event that has an effect on your finances then you can have the plan amended or converted if you qualify. Worst case is the Ch 13 is dismissed and your protections are...
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  • wd2005
    replied to Nearing the end. What to expect.
    My TFS payment pulls on Thursday. Payment #58. I'm going to see what happens after that.
    CASE INFORMATION
    Case Number
    Case Status ACTIVE
    ...
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  • wd2005
    replied to Nearing the end. What to expect.
    More weirdness. I logged into NDC today to see if disbursements had been made. The trustee disburses on the fourth Friday of the month. I was shocked to see ALL of my debts are shown as paid in full. For the past 4 years the trustee, like clockwork, made the same monthly payments to all my creditors....
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  • wd2005
    replied to Trustee fee stopped?
    My trustee never makes a payment to herself. It says she's taken $4816.10, which is around $4K less than what it should cost for the entirety of the plan. I have 3 payments left. It never shows a monthly trustee disbursement, however. If you made the payment on time I wouldn't worry. I actually started...
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  • wd2005
    replied to How Soon After 13 to Buy House?
    On the MyFico forums, from what I've gathered, FHA is the only way to get a mortgage while in a Chapter 13 or within two years of a discharge. Conventional mortgages, VA, USDA, etc, require two years post discharge. FHA only requires 12 months of on time payments while in a Chapter 13.
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  • wd2005
    replied to Nearing the end. What to expect.
    Hoping to buy a house by this time next year. I'm going to take that $1400 a month and just save it....
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  • wd2005
    replied to Nearing the end. What to expect.
    I keep a budget spreadsheet in Excel and I just added the template for 2019. It looks so nice minus the $1393 payment I've made for the past 5 years. Well $1387 and the $6 TFS fee.

    Updated TFS!
    Upcoming Transactions

    ...
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  • wd2005
    replied to Nearing the end. What to expect.
    How soon after making your last payment did you receive the letter?...
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  • wd2005
    replied to Nearing the end. What to expect.
    I filed on 12/2/13 but my 341 meeting was on 1/10/14 and that is when I made my first payment. So payment #60 is due on 12/10/13. I may send the payment a week early to make sure it lands with the trustee a few days early....
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