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 today is the 90th date after the court date, the BK has now publicly posted, how many days do we have in the home?
So the do gooders have some peace; I was laid off Dec 2009, applied for 1,103 jobs, and have been on 10 interviews. I was hurt and bed ridden for 7 weeks in July 2010. Started school Sept, had to fork out $4,000 to cover student loan default and $2,200 student loans didnt cover. We are collectively washing our debts including our home. We have asked the lien holder for help, explaining circumstances, they would not budge. We are a cash purchase, non-refinance, homeowners that did NOT, accept an ARM (traditional 30yr-fixed from the start) - made our payments easily and on-time for four years (48 payments). Our financial situation is a proven hardship - that's it. Six months post being laid off, credit history was flawless. Thirteen months post laid off, house was given notice of foreclosure and our first threatened wage garnishment arrived. Would've like to stay in the home, can actually afford the payments now, but impossible to make current. < - that is what lien holders need to help with. In other words, in one of our attempted 'modification' I wrote a certified letter with references saying that we wanted rears placed within the loan, a new loan amount and we'll continue paying; we cannot afford a lump sum rears catch up. The response, 'adequate income to make payments' - well, no shi3t - I can make the payments moving forward. What I cannot do is catch up the rears.
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 today is the 90th date after the court date, the BK has now publicly posted, how many days do we have in the home?
So the do gooders have some peace; I was laid off Dec 2009, applied for 1,103 jobs, and have been on 10 interviews. I was hurt and bed ridden for 7 weeks in July 2010. Started school Sept, had to fork out $4,000 to cover student loan default and $2,200 student loans didnt cover. We are collectively washing our debts including our home. We have asked the lien holder for help, explaining circumstances, they would not budge. We are a cash purchase, non-refinance, homeowners that did NOT, accept an ARM (traditional 30yr-fixed from the start) - made our payments easily and on-time for four years (48 payments). Our financial situation is a proven hardship - that's it. Six months post being laid off, credit history was flawless. Thirteen months post laid off, house was given notice of foreclosure and our first threatened wage garnishment arrived. Would've like to stay in the home, can actually afford the payments now, but impossible to make current. < - that is what lien holders need to help with. In other words, in one of our attempted 'modification' I wrote a certified letter with references saying that we wanted rears placed within the loan, a new loan amount and we'll continue paying; we cannot afford a lump sum rears catch up. The response, 'adequate income to make payments' - well, no shi3t - I can make the payments moving forward. What I cannot do is catch up the rears.
