katybee
Drama Llama
Posts: 5,448 
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Post by katybee on Aug 14, 2014 14:10:19 GMT
My friends would receive foreclosure papers pretty much every month... Always with an auction date. Then it wouldn't happen and they would receive new papers with a new date a month later. They would also get daily phone calls from their loan servicer (Bank of America) trying to get them into loan modification. They would have to explain the whole story over and over again. It seems nobody knew what anybody else was doing.
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Post by tara on Aug 14, 2014 14:32:45 GMT
Ultimately, the lender has the final say so, it is their money after all. Sorry for your misfortune, but your attorney's advice, your personal situation, and your desire to "put it all behind you", does not obligate the bank nor mortgage company to work on your schedule. It took twelve years for my husband to "dig himself out" of the financial hole following his divorce. Lots of people do this without a bankruptcy and it takes far longer than your 3 years or 5 years or 6 years. Lots of people have different situations than your husbands. |
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MerryMom
Pearl Clutcher
Posts: 2,562
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Post by MerryMom on Aug 14, 2014 18:08:01 GMT
Ultimately, the lender has the final say so, it is their money after all. Sorry for your misfortune, but your attorney's advice, your personal situation, and your desire to "put it all behind you", does not obligate the bank nor mortgage company to work on your schedule. It took twelve years for my husband to "dig himself out" of the financial hole following his divorce. Lots of people do this without a bankruptcy and it takes far longer than your 3 years or 5 years or 6 years. Lots of people have different situations than your husbands. I agree, but also people who pay off the entire amount, live frugally as a result of the payments needing to be made, without filing for bankruptcy also still deal with creditors calling you, trying to refinance, etc etc. the same as those who file for bankruptcy. What bothers me is the attitude of complaining about the process, how difficult it is, etc etc. It comes across as the people feel that they were 'screwed' somehow. Yeah, those who pay the entire amount, plus the late fees, plus the interest, deal with the same hassles, but without the bankruptcy. Oh and yes the child support was paid on time, the full amount, every month, never an arrearage. Yep, I ate ramen noodles and drove a car with 215,000 miles on it because more of my income supported my husband's and I home so that he could support another household. Yes, it is his obligation, but he also paid half of that mortgage plus the full amount of court-ordered child support so that his children wouldn't have to move from their home. |
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Post by annabella on Aug 14, 2014 18:25:33 GMT
Wow I'm so sorry! I was thinking it would have been too risky to have continued living in the house because wouldn't someone just show up one day and say out now and if you weren't home throw all your stuff on the street? Or would you get a 30-day eviction notice on your door?
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Post by Sharon on Aug 15, 2014 1:00:05 GMT
Not an expert here, but it would seem to me that the bankruptcy shouldn't have been filed until the foreclosure was complete - if the house sells for less than the amount owed on the loan, aren't you still responsible for the difference? Which the bankruptcy would have discharged? The bankruptcy would take care of the deficiency because the debt on the house was listed in the bankruptcy. If there is equity in the sale of the house, the amount over the loan is turned over to the bankruptcy trustee. |
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