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Has anyone filed Bankruptcy and foreclosure during these hard times - or is it just me


Posted: Mar 10, 2011

I got caught up in the ARM back in 2004 and 2005 and when it was time for my mortgage to adjust, the rates were higher, and my payment jumped to almost 900.00 dollars a month, and while that may sound low to some, how about at the same time, regular transcription went to VR, and companies started outsourcing, and my transcription pay went from about 45,000 a year to 29,000 to 30,000.  I finally found a stable MT position at a local hospital, at almost 17.00 an hour, and while it is a good steady job, it was still not enough to support all my indebtedness.  Finally, after receiving an intent to sue from a creditor, I have filed bankruptcy and waiting to be discharged.  Only thing that was affirmed was my car in the bankruptcy.  Wells Fargo did not reaffirm my mortgage loan because I was behind on the payments.   I am in process of moving out, although have not heard from mortgage company as of yet.  Just wondering, once bankruptcy discharge, will Wells Fargo notify me or will they come knock on my door one day and tell me to get out.

Bankruptcy - me

[ In Reply To ..]
From what I've been seeing, the mortgage holders are trying to work something out with the mortgagee to keep them in the house. It's costing them a fortune to relist and do quick sales. You should call them and talk to them.

Bankruptcy/foreclosure - Coffee

[ In Reply To ..]
I've been in a similar, not exact situation. It may be helpful to post your question at the site I listed here. I found a lot of useful information there.

Please, please make sure it is a legal - foreclosure.

[ In Reply To ..]
Especially if you are dealing with Wells Fargo. Is the original mortgage with WF? Do they have the original paperwork? They cannot foreclose if they do not have it. Google foreclosure fraud.


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