Recent content by dazowak

The refi was just a rate refi? No money was taken out? Since you're in CA I doubt you have any equity anyway. I'm sure this is similar to your situation (regarding value) as our home dropped 54% from the purchase price. We had an offer to short sale, we had approval on a Thursday, but Friday...

"Are you saying stop payments 18-20 months long or from BK filing/recording?" I understood that......and maybe should've written this a little more clear; I guess the rest of the information from my post didn't clarify this either? Parts about "the we have filed for bk and already have a court...

Typically, theres always a few....

So to clarify, you know of people, or have heard of, or know of proven cases, where people had filed for Chap 7 BK and have stayed in their homes after the court date/official public registry? In all, for us, it has been 10 months since we have paid any monies toward the first trust deed. I had...

Dont know if this is too old, but.... I dont think you have anything to worry about. 1. How will the Trustee know what 8% of your sales are? 2. Doesn't you employee already figure in the 8% into your hourly rate, deducted from the check? 3. Dont move money around; dont have bank account states...

Brunner test is contrary: says 1. must cause hardship if had to pay, 2. will continue hardship for a period of time, and 3. the debtor has made good faith payments. 1. Brunner had finished her Masters degree, placing her in a great financial earnings positions, just before filing, 2. she was in...

Chase receives an Order from the State and the Franchise board uses the order awarded by the local Trustee to capture any funds. You say creditor, but it's a granted Judgement award on behalf of the plaintiff.

'Means Test' and dont worry, it calculates expenses, so it's a real test. Not like a Mortgage debt/income where the use Gross income.

Even in transfered assets, which can be traced, doesnt it depend on previous year federal filing? Jointly, Head of Household, or married filing jointly? I know that my counties trustee works off of bank records and places a heavy eye on money movement. He's known to be ultra-forgiving, allowing...

I dont know if this helps, a few month have passed; California is a non-recourse state. Far as I know, as I've been told, you can walk from the home and there is no recourse. Furthermore, CA passed a bill, SB 401?, where the forgiven debt is not taxable from a short sale. Additionally, you are...

This scenario assumes the following: 1. the lien holder will not petition the motion to stay; file a relief. Good evening; we have filed, court date middle June. Our home is included within the BK (chap 7) and was told today, we have 90 days from the court date to live in the home. Assuming...