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raveman007
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Last Activity: 03-20-2019, 10:22 AM
Joined: 12-12-2018
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  • That is my plan to refinance with a CU in six months or so. In the interim I will apply $100 extra a month towards the principal to bring down the amount and not get burned on interest....
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  • Yes, I shaved of $11K also. I managed to lower the payment $25 which isn't much, but atleast it didn't go up. I plan on trading down in a few months so I can buy something cheaper, but reliable. I want something a little better on gas. This V8 Charger has to filled up twice a week since I work about...
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  • J: Thanks, yes I was approved for the redemption loan with 722redemption.com. I have to get them the paperwork tonight. I plan on withholding the Charger payment which is due Friday.

    The paperwork that was sent to from the lender. This is the official reaffirmation paperwork and this...
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  • Lawyer Pushing to Sign Reaffirmation Agreement on Cars

    Question for anyone who knows and can respond. I completed my 341 and I am just waiting for my discharge on and around 30 April of this year. I just got a call from the Lawyer's secretary asking why I have not signed and returned the Reaffirmation Paperwork. I was on the edge of passing the Means...
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  • I would go through process of the BK. It is still ONE debt and the burden of proof is on the Creditor. Even if they show up they have find an asset for them to use to collect. If you claimed you homestead in Florida I would think they can't touch your home. If you do nothing I am sure the judgement...
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  • raveman007
    replied to What's Next?
    Yeah my tentative discharge data is 4/30/19, that would be 60 from 341. Counting the days. It is a real load off not having to carry all that debt. This is the first time I have ever had to do this. I should have done this last year. Losing a job for eight months and a failed business can really...
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  • raveman007
    replied to What's Next?
    M42: You stated that creditors have 60 days to object. What can they object to? Can they build a case to make me pay them in an extenuating circumstance? Just curious as I have never done this before and I don't know how the process works. Thanks
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  • raveman007
    replied to What's Next?
    PACER? I have never heard of that. How do I get access to it?
    Thanks,
    Rave
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    Yes so am I. I had to get my Realtor to talk to him because he wouldn't believe anything we sent him....
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  • That is actually not a bad idea. I will put this through the full process and see what kind of interest rate and payment they give me. I belong to a credit union, who we have our home with, that may do this for us since we already have a loan and track record with them. If they can't help I will...
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    Thank you! Trying to find a redemption loan now for my wife's car. 722redemption won't take us on so looking for other places. If you know of any please let me know.

    Thanks
    Rave
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    SUCCESS! The Trustee finally gave up on this and told my lawyer he would be filing are "no asset or distribution" which I assume it means he has accepted our position and there is no value to creditors. Now just to wait and see what is next....
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  • raveman007
    replied to Reaffirmation Paperwork from Attorney
    Ok will do that. Thanks bcohen!
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  • raveman007
    started a topic What's Next?

    What's Next?

    It looks like we won the home battle with the Trustee. My attorney told me Trustee will file a report of "no asset or distribution" which means that he accepts our position and that there are no assets or value for the creditors. My question is what happens now? Do we just wait for the...
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  • Well I got in touch with 722 redemption yesterday on the Charger and the told me they couldn't help me because my payment with them would be about the same. The car is worth about $23K and I owe $32K. The would give me a loan between at $23k - $24K, but it would be at about 18% interest for five years...
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    I thought under Chapter 7 they can't force us to sell out home. What does OP stand for? The Trustee is trying to make equity where there is none, IMHO. He has the County Assessment, which in NC is typically the market price. In addition we provided a CMA from our Realtor, my analysis on houses...
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    Thanks, that is what I plan on doing. If he still has an issue I will get an appraisal. I will start doing research on how I go about doing this. Do you know where I can start? Thanks!!
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    Wow had no idea they only make $60 per case. He has probably spent more than four hours going back and forth with my lawyer. That will be my next step, the appraisal. Still waiting to hear back from the attorney. My lawyer said that if I gave the Trustee $5K he would go away as part of this and...
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  • raveman007
    replied to Trustee Trying to Inflate Price of Home
    Ok thanks for the input. I guess my next option will to get an appraisal. I have asked the lawyer to go back to him and present all four of these again and ask him if I were to get an official appraisal would he accept it. It sounds like I am in for a battle with this guy just because overestimating...
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  • raveman007
    started a topic Trustee Trying to Inflate Price of Home

    Trustee Trying to Inflate Price of Home

    We had out 341 meeting a couple of weeks ago. The trustee is giving us a very hard time with the home. As you know you are allowed protect $60K in Chapter 7. The trustee is trying to tell us that our home in NC is worth much more than we say it is worth in effort to nail us for the difference. My...
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