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  1. With all due respect my trustee is well aware of my financial position. I have the money from the sale of my other home which the trustee approved. 1st step: do you know no one will lend to me from experience or are you assuming? The reason I ask is that I see FHA will back a mortgage once someone is around 3 years in ch 13 as long as they have a minimum credit score of 660 and the down payment. I got that from the fha website. Of course that's why I am asking here because what FHA will back and what lenders do may or may not be the same.
  2. I was wondering if anyone had any experienceor knowledge of buying a house while in ch 13. I've read that it relies mainly on 2 things: 1) your trustee giving you permission and 2) a mortgage company willing to lend to you So for starters I was wondering if you are supposed to ask your trustee yourself directly or dig up your lawyer to do it for you. Also I pulled my credit score and it was not as bad as I thought which made me consider this as a cheaper alternative to renting. I'll probably put a similiar question in the mortgage thread. In case it matters to answer. I currently rent a townhome for $1150 a month. I can buy a unit in this complex and the mortgage/hoa and taxes together would run me about $850.00 a month. I have about 10-15% for a downpayment.
  3. Hi, I'm in a chapter 13 repayment plan (only 8 months in) and I need some advice. My job was eliminated and I was transferred to a new position in a new state and I am miserable. Not with the relocation but with the job. I am easily making my payments for my plan but would like to find a new job. Unfortunately in this job market it would probably require me to take a paycut of about 10-15 000 per year. My question is if I took a new position for less and now qualified for a chapter 7 would it be in my best interest to do so? Or how easy would it be to modify payments being that I'm now out of state? Right now financially I'm absolutely fine for the first time in a long time and I'm terrified of giving that up but my job is truly making me miserable.
  4. Hi, I don't know if you're concerned about judgements but if you default on your credit cards and they receive judgements, there would be liens placed against your secured assets rendering you unable to sell in the future without satisfying them. I tried to fight a credit card judgement and ending up with a lien. fyi a ch 13 lawyer can get the liens removed.
  5. Hello, I've had my plan confirmed and I've been making payments. I was fortunate to end up with an arrangement that is really easy for me to make ends meet. Now I'm actually getting anxious to pay this off already. Some questions: 1) Can someone "gift" you a payoff of your ch 13? 2) After my plan was confirmed I sold my house and my lawyer told me I could use the proceeds to pay off the plan? Anyone know anyone who did this? 3) If all the creditors do not file a claim does my percentage payback to the remaining creditors go up or will I just end early? Basically I'm looking for a way to end early that won't involve my paying more to creditors. I would just ask my lawyer but I've moved out of state and it's not easy getting him on the phone. Also I thought about making a few extra payments here and there, anyone do this? Thanks
  6. Hi, I just had my initial meeting with my attorney. My situation is a little complicated by the fact that my boyfriend lives with me (though everything is in my name). He said to sit down and figure out how much all of his expenses were in addition to mine to help determine how much he would be expected to contribute to the household, in addition he sort of implied that what I told him my monthly expenses were should be increased. I have 2 questions about this: 1) when listing my boyfriends expenses is there a presumption he will have to spend less than he currently is on things like entertainment, clothes etc? Meaning since he is okay with his bills is it okay to say he spends $200.00 on entertainment a month? 2) For my side of things listing my monthly expenses is proving to be quite difficult. I have spent the last 2 years spending every penny I have on debt so I haven't spent hardly anything on clothes, home maintenance (need many repairs to my house), car maintenance, I stopped going to the doctor, I need dental work, etc. So can I list expenses as what I estimate they would be assuming I had breathing room. I don't know if this info is necessary but my income is about 50k. My boyfriends is about 25k. My debts include 55k st loans, 45k credit cards and an $800/month mortgage, $270 car payment. I intend to keep my home and car.