House payments tailored at 75/month???

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Posted by tinaj on March 02, 2005 at 11:00:35:

In Reply to: Re: Hardship assistance or Chapter 13 to stop foreclosure. posted by Janie on February 26, 2005 at 00:32:29:

I am not sure that's really feasible. you might be able to pay back your missed/late payments at 75 a month, but in a ch. 13 you're going to have to keep making your regular mortgage payments on time IN ADDITION to paying the amount due to cure the deficiency. im not sure what we're talking about here, but you cant just lower your mortgage payments to $75 a month by filing a ch. 13 to my knowledge.

: Chapter 13 is a reorganization plan.

: You can taylor your payments to begin as low as $75 per month and have them increase incrementally each year.

:
: Ask Jim for the copy of the life after bankruptcy that I posted some time ago on this site. I have not been able to find it. It will help you with everything you need to know, especially about BK attorneys.

Follow Ups:

• Re: House payments tailored at 75/month??? - Janie 21:39:18 03/02/05 (2)
  • I knew it was still available. - Jim V 16:18:35 03/03/05 (0)
  • Haven't given up yet. - Jim V 21:51:22 03/02/05 (0)

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Comments:
: I am not sure that's really feasible.  you might be able to pay back your missed/late payments at 75 a month, but in a ch. 13 you're going to have to keep making your regular mortgage payments on time IN ADDITION to paying the amount due to cure the deficiency.  im not sure what we're talking about here, but you cant just lower your mortgage payments to $75 a month by filing a ch. 13 to my knowledge.

: : Chapter 13 is a reorganization plan.

: : You can taylor your payments to begin as low as $75 per month and have them increase incrementally each year.

: : 
: : Ask Jim for the copy of the life after bankruptcy that I posted some time ago on this site.  I have not been able to find it.  It will help you with everything you need to know, especially about BK attorneys.


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