chapter 7 bankruptcy benefits
[mage lang="en|de|en" source="flickr"]chapter 7 bankruptcy benefits[/mage]
My mortgage lender, Wells Fargo, sent me an application for the Making Home Affordable program – any thoughts?
My husband and I recently filed chapter 7 bankruptcy on everything but our home and car due to him losing his job with zero unemployment benefits for 6 months. It was horrible and we could never catch up with all the crazy over the limit and late fees on our credit cards.
Anyway, I have an ARM mortgage that will NOT adjust until 2014. I have negative equity thanks to the wonderful market. My appx value is probably around $83k and I owe about $96k. My interest rate is about 8% but with zero PMI with a monthly payment (with escrow) of $900.
This MHA program sounds like they could get me down to about $700 a month, which would be great. Do you think I will qualify? I am 1 month behind on a mortgage payment. Any other advice on this program?
I think you should pursue it My advice: follow up immediately!
What you need to know about bankruptcy: 1 of 3
|
|
Chapter 7 Commercial Bankruptcy Strategies: Leading Lawyers on Counseling Clients, Filing a Proof of Claim, and Understanding the Benefits and Challenges of Bankruptcy (Inside The Minds) $90.00 Chapter 7 Commercial Bankruptcy Strategies is an authoritative, insider’s perspective on key strategies for representing and advising companies filing for Chapter 7 liquidation. Featuring partners from some of the nation’s leading law firms, these experts guide the reader through the preliminary stages of a Chapter 7 filing, including identifying the typical industries seeking bankruptcy protectio… |
|
|
Information and guidelines for Chapter 7 cases (SuDoc J 1.8/2:IN 3) … |
