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Chapter 7 conversion to Chapter 13 / Bank of America
My Chapter 7 client is contemplating converting to a Chapter 13 and saving
the house. This seems like a relatively straight forward bit of information
to get, but here is what I am running into: the home lender Bank of
America.
They can not tell me the amount necessary to reinstate the loan. I have
asked for it a half dozen different ways. But I keep getting told things
like "the regular payment is $XXX and the last payment received was in July
2011, so doing the simple math, you get $YYY. Well. That does not help.
There have to be late fees and charges and BofAs junk fees. They keep
sending me a loan history that just tells me that payments have not been
made. I have called back and explained my problem to them yet again and now
I am waiting for a call from the legal department.
How do I ask this in a way to actually get the proper and accurate
information so I can assist my client with making a decision based on real
information? Am I missing something here?
Desiree Causey, Esq.
Law Office of Desiree Causey
17011 Beach Blvd., Suite 900
Huntington Beach, CA 92647
714-375-6663
714-908-7646 (fax)
My Chapter 7 client is contemplating converting to a Chapter
13 and saving the house. This seems like a relatively straight forward bit of
information to get, but here is what I am running into: the home lender Bank
of America.
They can not tell me the amount necessary to reinstate the
loan. I have asked for it a half dozen different ways. But I keep getting
told things like “the regular payment is $XXX and the last payment
received was in July 2011, so doing the simple math, you get $YYY. Well. That
does not help. There have to be late fees and charges and BofAs junk fees. They
keep sending me a loan history that just tells me that payments have not been
made. I have called back and explained my problem to them yet again and now I
am waiting for a call from the legal department.
How do I ask this in a way to actually get the proper and
accurate information so I can assist my client with making a decision based on
real information? Am I missing something here?
Desiree Causey, Esq.
Law Office of Desiree Causey
17011 Beach Blvd., Suite 900
Huntington Beach, CA 92647
714-375-6663
714-908-7646 (fax)
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