.jpg)
Mtg payment amount where there's variable interest
which iPhone app do you use?
On Tue, Dec 29, 2009 at 9:43 AM, Charles Shamash wrote:
>
>
> There is also a bunch of apps for the iPhone that have it. Free and paid.
> Looks and does everything the 12c does. One less thing to carry.
>
> Sent from my iPhone
>
> On Dec 28, 2009, at 4:59 PM, "Dennis McGoldrick" wrote:
>
>
>
> a financial calculator. if you are doing 13's, you need one.
>
> Hewlett - Packard 12 C
>
> I have 2 on my desk and one in my computer bag.
>
> dennis
>
> --- On *Mon, 12/28/09, Mark J. Markus * wrote:
>
>
> Subject: Re: [cdcbaa] Mtg payment amount where there's variable interest
> To: cdcbaa@yahoogroups.com
> Date: Monday, December 28, 2009, 4:56 PM
>
>
> Thanks. What's an HP12C?
>
>
> On 12/28/2009 4:28 PM, P L wrote:
>
> Check the Note for the index and search on Google for a forecast of the
> index (most will give you 1 to 3 years), then add the index and interest
> rate base figure and run your HP12C for the forecasted Note payment. Keep
> your printout for the UST.
>
> Peter M. Lively, J.D./M.B.A.
> Law Offices of Peter M. Lively
> Personal Financial Law Center I
> 11965 Venice Blvd, Suite 301
> Los Angeles, CA 90066-3977
> 310-899-0630
> 800-307-DEBT (3328)
> Fax: 310-899-0632
> A-Bankruptcy- Attorney. com
>
> Personal Financial Law Center II
> 1706 Newport Boulevard, Suite B
> Costa Mesa, California 92627-3073
> Telephone: 949-650-DEBT( 3328)
>
>
> THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO
> WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED,
> CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER
> OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT
> RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE
> HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS
> COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS
> COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY
> TELEPHONE. THANK YOU.
>
>
> ------------------------------
> *From:* Mark J. Markus
> *To:* cdcbaa@yahoogroups. com
> *Sent:* Mon, December 28, 2009 4:16:35 PM
> *Subject:* [cdcbaa] Mtg payment amount where there's variable interest
>
>
> What's the best or "correct" way to list the amount of a variable
> interest mortgage payment? I've got a client whose loan adjusts every 3
> months. Since he got the loan, his payments have been anywhere from
> $1,200-$1,800. Currently, they are $1,200 and with that, we're not
> passing the means test (or the I&J "test"), but at $1,800 we'd be
> close. Same issue in a Ch. 13 as to how much the plan payment would be
> anyway (which amount gets used?).
>
> I remember Lou Esbin explaining how he handled this once, but can't find
> the thread.
>
> ************ ********* ****
> Mark J. Markus
> Law Office of Mark J. Markus
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)509-1460 (fax)
> web: http://www.bklaw. com/
> This Firm is a Qualified Federal Debt Relief Agency (see what this means at
>
> http://bklaw. com/bankruptcy- blog/2008/ 09/debt-relief- agencies-
> definition/)
> ____________ _________ _________ _________ _________
> NOTICE: This Electronic Message contains information from the law office of
> Mark J. Markus that may be privileged. The information is intended for the
> use of the addressee only. If you are not the addressee, note that any
> disclosure, copy, distribution or use of the contents of this message is
> prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by
> the IRS, we inform you that any U.S. tax advice contained in this
> communication (or in any attachment) is not intended or written to be used,
> and cannot be used, for the purpose of (i) avoiding penalties under the
> Internal Revenue Code or (ii) promoting, marketing or recommending to
> another party any transaction or matter addressed in this communication.
>
>
>
>
>
Daniela P. Romero
Law Office of Daniela Romero, APLC
1015 N. Lake Ave., Ste. 115
Pasadena, CA 91104
Telephone:626-817-2611
Facsimile: 626-628-1781
email: dromerolaw@gmail.com
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transaction or matter addressed herein.
which iPhone app do you use?On Tue, Dec 29, 2009 at 9:43 AM, Charles Shamash <CS@locs.com> wrote:
There is also a bunch of apps for the iPhone that have it. Free and paid. Looks and does everything the 12c does. One less thing to carry.Sent from my iPhone
On Dec 28, 2009, at 4:59 PM, "Dennis McGoldrick" <easky1@yahoo.com> wrote:
a financial calculator. if you are doing 13's, you need one.
Hewlett - Packard 12 C
I have 2 on my desk and one in my computer bag.
dennis--- On Mon, 12/28/09, Mark J. Markus <Personal Financial Law Center I11965 Venice Blvd, Suite 301 Los Angeles, CA 90066-3977 310-899-0630 800-307-DEBT (3328)Fax: 310-899-0632
A-Bankruptcy- Attorney. com
Personal Financial Law Center II1706 Newport Boulevard, Suite BCosta Mesa, California 92627-3073Telephone: 949-650-DEBT( 3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
The post was migrated from Yahoo.
Thanks but nah, I'd never be able to figure out how to use it
correctly. Last finance course I had was about 25 years ago...
I just give these calculations to my CPA and he sends me back a nice
printout.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://bklaw.com/bankruptcy-blog/2008/0 ... efinition/)
________________________________________________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
On 12/28/2009 5:38 PM, Steven B. Lever wrote:
>
>
> We were required to use one in financial planning and they are allowed
> in the CFP exam. They use reverse Polish notation and take a little
> training to use. They are financial calculators that can do just
> about any financial calculation. I dont use it anymore preferring to
> use a program on the computer as there are multiple free financial
> calculators on the internet now. I have never used one for a Chapter
> 13. I am impressed that some bankruptcy attorneys use them: I didnt
> know that before today. Mark, if youre convinced to use one Ill
> sell you mine very cheaply.
>
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On
> Behalf Of *David A. Tilem
> *Sent:* Monday, December 28, 2009 5:31 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* RE: [cdcbaa] Mtg payment amount where there's variable interest
>
> lol, that's a Hewett Packard calculator........ Have not seen one of
> those in years.
>
> *David A. Tilem*
>
> Certified Bankruptcy Specialist*^* **^ *
>
> Law Offices of David A. Tilem (a debt relief agency)
>
> 206 N. Jackson Street, #201, Glendale, CA 91206
>
> Tel: 818-507-6000 Fax: 818-507-6800
>
> * Bankruptcy specialist cert. by State Bar of CA Bd of Legal
> Specialization.
>
> Business bankruptcy specialist cert. by Amer. Bd. of Certification
>
> -----Original Message-----
> *From:* cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] *On
> Behalf Of *Mark J. Markus
> *Sent:* Monday, December 28, 2009 4:56 PM
> *To:* cdcbaa@yahoogroups.com
> *Subject:* Re: [cdcbaa] Mtg payment amount where there's variable interest
>
> Thanks. What's an HP12C?
>
>
> On 12/28/2009 4:28 PM, P L wrote:
>
> Check the Note for the index and search on Google for a forecast
> of the index (most will give you 1 to 3 years), then add the index
> and interest rate base figure and run your HP12C for the
> forecasted Note payment. Keep your printout for the UST.
>
> Peter M. Lively, J.D./M.B.A.
> Law Offices of Peter M. Lively
> Personal Financial Law Center I
> 11965 Venice Blvd, Suite 301
> Los Angeles, CA 90066-3977
> 310-899-0630
> 800-307-DEBT (3328)
> Fax: 310-899-0632
> A-Bankruptcy-Attorney.com
>
> Personal Financial Law Center II
> 1706 Newport Boulevard, Suite B
> Costa Mesa, California 92627-3073
> Telephone: 949-650-DEBT(3328)
>
> THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR
> ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT
> IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER
> APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED
> RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE
> MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT
> ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION
> IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN
> ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE.
> THANK YOU.
>
> ------------------------------------------------------------------------
>
> *From:* Mark J. Markus
> *To:* cdcbaa@yahoogroups.com
> *Sent:* Mon, December 28, 2009 4:16:35 PM
> *Subject:* [cdcbaa] Mtg payment amount where there's variable interest
>
> What's the best or "correct" way to list the amount of a variable
> interest mortgage payment? I've got a client whose loan adjusts
> every 3
> months. Since he got the loan, his payments have been anywhere from
> $1,200-$1,800. Currently, they are $1,200 and with that, we're not
> passing the means test (or the I&J "test"), but at $1,800 we'd be
> close. Same issue in a Ch. 13 as to how much the plan payment
> would be
> anyway (which amount gets used?).
>
> I remember Lou Esbin explaining how he handled this once, but
> can't find
> the thread.
>
> ************ ********* ****
> Mark J. Markus
> Law Office of Mark J. Markus
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)509-1460 (fax)
> web: http://www.bklaw. com/
> This Firm is a Qualified Federal Debt Relief Agency (see what this
> means at http://bklaw. com/bankruptcy- blog/2008/ 09/debt-relief-
> agencies- definition/
> )
> ____________ _________ _________ _________ _________
> NOTICE: This Electronic Message contains information from the law
> office of Mark J. Markus that may be privileged. The information
> is intended for the use of the addressee only. If you are not the
> addressee, note that any disclosure, copy, distribution or use of
> the contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
> imposed by the IRS, we inform you that any U.S. tax advice
> contained in this communication (or in any attachment) is not
> intended or written to be used, and cannot be used, for the
> purpose of (i) avoiding penalties under the Internal Revenue Code
> or (ii) promoting, marketing or recommending to another party any
> transaction or matter addressed in this communication.
>
>
>
>
The post was migrated from Yahoo.
charset="windows-1251"
We were required to use one in financial planning and they are allowed in the CFP exam. They use reverse Polish notation and take a little training to use. They are financial calculators that can do just about any financial calculation. I dont use it anymore preferring to use a program on the computer as there are multiple free financial calculators on the internet now. I have never used one for a Chapter 13. I am impressed that some bankruptcy attorneys use them: I didnt know that before today. Mark, if youre convinced to use one Ill sell you mine very cheaply.
The post was migrated from Yahoo.
charset="windows-1251"
lol, that's a Hewett Packard calculator........ Have not seen one of those
in years.
David A. Tilem
Certified Bankruptcy Specialist*
Law Offices of David A. Tilem (a debt relief agency)
206 N. Jackson Street, #201, Glendale, CA 91206
Tel: 818-507-6000 Fax: 818-507-6800
* Bankruptcy specialist cert. by State Bar of CA Bd of Legal
Specialization.
Mark J. Markus
Sent: Monday, December 28, 2009 4:56 PM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] Mtg payment amount where there's variable interest
Thanks. What's an HP12C?
On 12/28/2009 4:28 PM, P L wrote:
Check the Note for the index and search on Google for a forecast of the
index (most will give you 1 to 3 years), then add the index and interest
rate base figure and run your HP12C for the forecasted Note payment. Keep
your printout for the UST.
Peter M. Lively, J.D./M.B.A.
Law Offices of Peter M. Lively
Personal Financial Law Center I
11965 Venice Blvd, Suite 301
Los Angeles, CA 90066-3977
310-899-0630
800-307-DEBT (3328)
Fax: 310-899-0632
A-Bankruptcy-Attorney.com
Personal Financial Law Center II
1706 Newport Boulevard, Suite B
Costa Mesa, California 92627-3073
Telephone: 949-650-DEBT(3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO
WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED,
CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER
OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT
RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE
HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS
COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS
COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY
TELEPHONE. THANK YOU.
_____
The post was migrated from Yahoo.
It's a financial calculator thatcan be used to determine theamortized payments of anote, etc.
Law Offices of Peter M. Lively
Personal Financial Law Center I
11965 Venice Blvd, Suite 301
Los Angeles, CA 90066-3977
310-899-0630
800-307-DEBT (3328)
Fax: 310-899-0632
A-Bankruptcy-Attorney.com
Personal Financial Law Center II
1706 Newport Boulevard, Suite B
Costa Mesa, California 92627-3073
Telephone: 949-650-DEBT(3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
________________________________
To: cdcbaa@yahoogroups.com
Sent: Mon, December 28, 2009 4:56:11 PM
Subject: Re: [cdcbaa] Mtg payment amount where there's variable interest
Thanks. What's an HP12C?
On 12/28/2009 4:28 PM, P L wrote:
Check the Note for the indexand search on Google for a forecast of the index (most will give you1 to 3 years), then add the index and interest rate base figure and run yourHP12C for the forecasted Note payment. Keep your printout for the UST.
>Peter M. Lively, J.D./M.B.A.
>Law Offices of Peter M. Lively
>Personal Financial Law Center I
>11965 Venice Blvd, Suite 301
>Los Angeles, CA 90066-3977
>310-899-0630
>800-307-DEBT (3328)
>Fax: 310-899-0632
>A-Bankruptcy- Attorney. com
>
>
>Personal Financial Law Center II
>1706 Newport Boulevard, Suite B
>Costa Mesa, California 92627-3073
>Telephone: 949-650-DEBT( 3328)
>
>
>THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
>
>
>
>
>
________________________________
>To: cdcbaa@yahoogroups. com
>Sent: Mon, December 28, 2009 4:16:35 PM
>Subject: [cdcbaa] Mtg payment amount where there's variable interest
>
>
>What's the best or "correct" way to list the amount of a variable
>interest mortgage payment? I've got a client whose loan adjusts every 3
>months. Since he got the loan, his payments have been anywhere from
>$1,200-$1,800. Currently, they are $1,200 and with that, we're not
>passing the means test (or the I&J "test"), but at $1,800 we'd be
>close. Same issue in a Ch. 13 as to how much the plan payment would be
>anyway (which amount gets used?).
>
>I remember Lou Esbin explaining how he handled this once, but can't find
>the thread.
>
>************ ********* ****
>Mark J. Markus
>Law Office of Mark J. Markus
>11684 Ventura Blvd. PMB #403
>Studio City, CA 91604-2652
>(818)509-1173 (818)509-1460 (fax)
>web: http://www.bklaw. com/
>This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://bklaw. com/bankruptcy- blog/2008/ 09/debt-relief- agencies- definition/)
>____________ _________ _________ _________ _________
>NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
>IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
>
>
>
It's a financial calculator that can be used to determine the amortized payments of a note, etc. Peter M. Lively, J.D./M.B.A.Law Offices of Peter M. Lively Personal Financial Law Center I11965 Venice Blvd, Suite 301 Los Angeles, CA 90066-3977 310-899-0630 800-307-DEBT (3328)Fax: 310-899-0632 A-Bankruptcy-Attorney.com
Personal Financial Law Center II1706 Newport Boulevard, Suite BCosta Mesa, California 92627-3073Telephone: 949-650-DEBT(3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
From: Mark J. Markus <bklawr@yahoo.com>To: cdcbaa@yahoogroups.comSent: Mon, December 28, 2009 4:56:11 PMSubject: Re: [cdcbaa] Mtg payment amount where there's variable interest
Thanks. What's an HP12C?On 12/28/2009 4:28 PM, P L wrote:
Check the Note for the index and search on Google for a forecast of the index (most will give you 1 to 3 years), then add the index and interest rate base figure and run your HP12C for the forecasted Note payment. Keep your printout for the UST. Peter M. Lively, J.D./M.B.A.Law Offices of Peter M. Lively Personal Financial Law Center I11965 Venice Blvd, Suite 301 Los Angeles, CA 90066-3977 310-899-0630 800-307-DEBT (3328)Fax: 310-899-0632 A-Bankruptcy- Attorney. com
Personal Financial Law Center II1706 Newport Boulevard, Suite BCosta Mesa, California 92627-3073Telephone: 949-650-DEBT( 3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
From: Mark J. Markus <bklawr@yahoo. com>To: cdcbaa@yahoogroups. comSent: Mon, December 28, 2009 4:16:35 PMSubject: [cdcbaa] Mtg payment amount where there's variable interest
What's the best or "correct" way to list the amount of a variable interest mortgage payment? I've got a client whose loan adjusts every 3 months. Since he got the loan, his payments have been anywhere from $1,200-$1,800. Currently, they are $1,200 and with that, we're not passing the means test (or the I&J "test"), but at $1,800 we'd be close. Same issue in a Ch. 13 as to how much the plan payment would be anyway (which amount gets used?).I remember Lou Esbin explaining how he handled this once, but can't find the thread.************ ********* ****Mark J. MarkusLaw Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA 91604-2652(818)509-1173 (818)509-1460 (fax)web: http://www.bklaw. com/This Firm is a Qualified Federal Debt Relief Agency (see what this means at
The post was migrated from Yahoo.
Thanks. What's an HP12C?
On 12/28/2009 4:28 PM, P L wrote:
>
>
> Check the Note for the index and search on Google for a forecast of
> the index (most will give you 1 to 3 years), then add the index and
> interest rate base figure and run your HP12C for the forecasted Note
> payment. Keep your printout for the UST.
> Peter M. Lively, J.D./M.B.A.
> Law Offices of Peter M. Lively
> Personal Financial Law Center I
> 11965 Venice Blvd, Suite 301
> Los Angeles, CA 90066-3977
> 310-899-0630
> 800-307-DEBT (3328)
> Fax: 310-899-0632
> A-Bankruptcy-Attorney.com
>
> Personal Financial Law Center II
> 1706 Newport Boulevard, Suite B
> Costa Mesa, California 92627-3073
> Telephone: 949-650-DEBT(3328)
>
>
> THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY
> TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS
> PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE
> LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR
> THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE
> INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION,
> DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED.
> IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US
> IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
>
>
> ------------------------------------------------------------------------
> *From:* Mark J. Markus
> *To:* cdcbaa@yahoogroups.com
> *Sent:* Mon, December 28, 2009 4:16:35 PM
> *Subject:* [cdcbaa] Mtg payment amount where there's variable interest
>
> What's the best or "correct" way to list the amount of a variable
> interest mortgage payment? I've got a client whose loan adjusts every 3
> months. Since he got the loan, his payments have been anywhere from
> $1,200-$1,800. Currently, they are $1,200 and with that, we're not
> passing the means test (or the I&J "test"), but at $1,800 we'd be
> close. Same issue in a Ch. 13 as to how much the plan payment would be
> anyway (which amount gets used?).
>
> I remember Lou Esbin explaining how he handled this once, but can't find
> the thread.
>
> ************ ********* ****
> Mark J. Markus
> Law Office of Mark J. Markus
> 11684 Ventura Blvd. PMB #403
> Studio City, CA 91604-2652
> (818)509-1173 (818)509-1460 (fax)
> web: http://www.bklaw. com/
> This Firm is a Qualified Federal Debt Relief Agency (see what this
> means at http://bklaw. com/bankruptcy- blog/2008/ 09/debt-relief-
> agencies- definition/
> )
> ____________ _________ _________ _________ _________
> NOTICE: This Electronic Message contains information from the law
> office of Mark J. Markus that may be privileged. The information is
> intended for the use of the addressee only. If you are not the
> addressee, note that any disclosure, copy, distribution or use of the
> contents of this message is prohibited.
> IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements
> imposed by the IRS, we inform you that any U.S. tax advice contained
> in this communication (or in any attachment) is not intended or
> written to be used, and cannot be used, for the purpose of (i)
> avoiding penalties under the Internal Revenue Code or (ii) promoting,
> marketing or recommending to another party any transaction or matter
> addressed in this communication.
>
>
>
>
>
The post was migrated from Yahoo.
Check the Note for the indexand search on Google for a forecast of the index (most will give you1 to 3 years), then add the index and interest rate base figure and run yourHP12C for the forecasted Note payment. Keep your printout for the UST.
Law Offices of Peter M. Lively
Personal Financial Law Center I
11965 Venice Blvd, Suite 301
Los Angeles, CA 90066-3977
310-899-0630
800-307-DEBT (3328)
Fax: 310-899-0632
A-Bankruptcy-Attorney.com
Personal Financial Law Center II
1706 Newport Boulevard, Suite B
Costa Mesa, California 92627-3073
Telephone: 949-650-DEBT(3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
________________________________
To: cdcbaa@yahoogroups.com
Sent: Mon, December 28, 2009 4:16:35 PM
Subject: [cdcbaa] Mtg payment amount where there's variable interest
What's the best or "correct" way to list the amount of a variable
interest mortgage payment? I've got a client whose loan adjusts every 3
months. Since he got the loan, his payments have been anywhere from
$1,200-$1,800. Currently, they are $1,200 and with that, we're not
passing the means test (or the I&J "test"), but at $1,800 we'd be
close. Same issue in a Ch. 13 as to how much the plan payment would be
anyway (which amount gets used?).
I remember Lou Esbin explaining how he handled this once, but can't find
the thread.
************ ********* ****
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw. com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://bklaw. com/bankruptcy- blog/2008/ 09/debt-relief- agencies- definition/)
____________ _________ _________ _________ _________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
Check the Note for the index and search on Google for a forecast of the index (most will give you 1 to 3 years), then add the index and interest rate base figure and run your HP12C for the forecasted Note payment. Keep your printout for the UST. Peter M. Lively, J.D./M.B.A.Law Offices of Peter M. Lively Personal Financial Law Center I11965 Venice Blvd, Suite 301 Los Angeles, CA 90066-3977 310-899-0630 800-307-DEBT (3328)Fax: 310-899-0632 A-Bankruptcy-Attorney.com
Personal Financial Law Center II1706 Newport Boulevard, Suite BCosta Mesa, California 92627-3073Telephone: 949-650-DEBT(3328)
THIS MESSAGE IS INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL AND EXEMPT FROM DISCLOSURE UNDER APPLICABLE LAW. IF THE READER OF THIS MESSAGE IS NOT THE INTENDED RECIPIENT, OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION OR COPYING OF THIS COMMUNICATION IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, PLEASE NOTIFY US IMMEDIATELY BY E-MAIL OR BY TELEPHONE. THANK YOU.
From: Mark J. Markus <bklawr@yahoo.com>To: cdcbaa@yahoogroups.comSent: Mon, December 28, 2009 4:16:35 PMSubject: [cdcbaa] Mtg payment amount where there's variable interest
What's the best or "correct" way to list the amount of a variable interest mortgage payment? I've got a client whose loan adjusts every 3 months. Since he got the loan, his payments have been anywhere from $1,200-$1,800. Currently, they are $1,200 and with that, we're not passing the means test (or the I&J "test"), but at $1,800 we'd be close. Same issue in a Ch. 13 as to how much the plan payment would be anyway (which amount gets used?).I remember Lou Esbin explaining how he handled this once, but can't find the thread.************ ********* ****Mark J. MarkusLaw Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA 91604-2652(818)509-1173 (818)509-1460 (fax)web: http://www.bklaw. com/This Firm is a Qualified Federal Debt Relief Agency (see what this means at
The post was migrated from Yahoo.
What's the best or "correct" way to list the amount of a variable
interest mortgage payment? I've got a client whose loan adjusts every 3
months. Since he got the loan, his payments have been anywhere from
$1,200-$1,800. Currently, they are $1,200 and with that, we're not
passing the means test (or the I&J "test"), but at $1,800 we'd be
close. Same issue in a Ch. 13 as to how much the plan payment would be
anyway (which amount gets used?).
I remember Lou Esbin explaining how he handled this once, but can't find
the thread.
*************************
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency (see what this means at http://bklaw.com/bankruptcy-blog/2008/0 ... efinition/)
________________________________________________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.
The post was migrated from Yahoo.