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MFR...inhibit moves ?
Does anyone know if there is a different treatment by different trustees? My earlier comment was about Ch7 to Ch13 with Liz Rojas as the trustee.
Best regards
Larry Webb
State Bar of California 229344
Central District California
"A Debt Relief Agency"
Check out my Blog
Larry@webbklaw. com
Law Offices of Larry Webb
484 Mobil Ste 43
Camarillo Ca 93010
P 805.987.1400
F 805.987.2866
C 805.750.2150
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yes. Amrane - a long time ago. Since then I have avoided this issue by filing a new case for someone who needed to convert. Nice to know I dont' need to jump around those hoops any more.
Law Office of Catherine Christiansen
17011 Beach Blvd. Ste 900, Huntington Beach, CA 92647
Tel: (714) 375-6651 Fax: (562) 490-8572
attorneychristiansen@gmail.com
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________________________________
To: "cdcbaa@yahoogroups.com"
Sent: Thursday, September 19, 2013 9:49 AM
Subject: Re: [cdcbaa] MFR...inhibit moves ?
Catherine: I've converted cases and had 13 plans confirmed where the debtor began plan payments after the conversion. Have you had a trustee demand back payments to convert a case?
d
Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
On Sep 18, 2013, at 10:57 AM, Catherine Christiansen wrote:
>Expect a MFR in Ch 7 that will be granted bec. they are not current & no equity. Conversion to 13 will work only if they can make plan payments from 30 days of filing date. So if they file a chapter 7 on 9/18/13 and convert to ch 13 10/18/13 their first plan payment is due 10/18/13 (30 days after the petition date) and they must pay all postpetition mortgage payments. They must regular income to convert. They must have sufficient income to pay the regular monthly mortgage payments and cure default + whatever priority debts they have. You can always ask for a mod.he request for mod with lender now. Dual tracking only stopped when completed mod package is accepted by lender and there are special rules about dual tracking when you are so close to 4close sale date. BK is the only way to stop the sale, I wouldn't trust "servicer" promise to stop when completed loan mod not
submitted yet. There are more issues about BK, if you are not familiar with BK then you might want to send the clients to a BK atty.
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>Law Office of Catherine Christiansen
>17011 Beach Blvd. Ste 900, Huntington Beach, CA 92647
>Tel: (714) 375-6651 Fax: (562) 490-8572
>attorneychristiansen@gmail.com
>
>
>
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>________________________________
>To: cdcbaa@yahoogroups.com
>Sent: Wednesday, September 18, 2013 10:41 AM
>Subject: [cdcbaa] MFR...inhibit moves ?
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>I have H and W came in this morning....Own a home worth $340 K. Outstanding mortgage is $375K.....no second. Clients behind 10 payments of $2000.00 per mo. Sale/Auction is Fri 9-20-13. Clients working with RE agent ...loan mod....claim they only need a little time. If i file 7....expect MFR...or maybe not....Will MFR inhibit conversion to 13 or even dismissal of 7......What if I call lender to try and deal?...appreciate your time and input....tx rick chaideZ
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The post was migrated from Yahoo.
Catherine: I've converted cases and had 13 plans confirmed where the debtor began plan payments after the conversion. Have you had a trustee demand back payments to convert a case?
d
Dennis McGoldrick, 350 S. Crenshaw Bl., #A207B, Torrance, Ca 90503 310-328-1001-voice
On Sep 18, 2013, at 10:57 AM, Catherine Christiansen wrote:
> Expect a MFR in Ch 7 that will be granted bec. they are not current & no equity. Conversion to 13 will work only if they can make plan payments from 30 days of filing date. So if they file a chapter 7 on 9/18/13 and convert to ch 13 10/18/13 their first plan payment is due 10/18/13 (30 days after the petition date) and they must pay all postpetition mortgage payments. They must regular income to convert. They must have sufficient income to pay the regular monthly mortgage payments and cure default + whatever priority debts they have. You can always ask for a mod. They should have filed that request already, but if not, then file the request for mod with lender now. Dual tracking only stopped when completed mod package is accepted by lender and there are special rules about dual tracking when you are so close to 4close sale date. BK is the only way to stop the sale, I wouldn't trust "servicer" promise to stop when completed loan mod not submitted yet. There are more issues about BK, if you are not familiar with BK then you might want to send the clients to a BK atty.
>
>
>
> Law Office of Catherine Christiansen
> 17011 Beach Blvd. Ste 900, Huntington Beach, CA 92647
> Tel: (714) 375-6651 Fax: (562) 490-8572
> attorneychristiansen@gmail.com
>
>
>
> To: cdcbaa@yahoogroups.com
> Sent: Wednesday, September 18, 2013 10:41 AM
> Subject: [cdcbaa] MFR...inhibit moves ?
>
>
> I have H and W came in this morning....Own a home worth $340 K. Outstanding mortgage is $375K.....no second. Clients behind 10 payments of $2000.00 per mo. Sale/Auction is Fri 9-20-13. Clients working with RE agent ...loan mod....claim they only need a little time. If i file 7....expect MFR...or maybe not....Will MFR inhibit conversion to 13 or even dismissal of 7......What if I call lender to try and deal?...appreciate your time and input....tx rick chaideZ
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On Sep 18, 2013, at 10:57 AM, Catherine Christiansen <christiansenlaw@yahoo.com> wrote:
The post was migrated from Yahoo.
Thank Larry. That is a great update. They used to expect the plan payments back to petition date.
Rick - Sorry about the comment about referring to BK attorney., thought I was on a different blogg - a non BK blogg.
Law Office of Catherine Christiansen
17011 Beach Blvd. Ste 900, Huntington Beach, CA 92647
Tel: (714) 375-6651 Fax: (562) 490-8572
attorneychristiansen@gmail.com
________________________________
To: cdcbaa@yahoogroups.com
Sent: Wednesday, September 18, 2013 11:43 AM
Subject: RE: [cdcbaa] MFR...inhibit moves ?
Rick,
The last two Ch7 to Ch13 conversion I did Trustee Rojas expected the first payment 30 days after the Order for conversion.
Best regards
Larry Webb
State Bar of California 229344
Central District California
"A Debt Relief Agency"
Check out my Blog
Larry@webbklaw. com
Law Offices of Larry Webb
484 Mobil Ste 43
Camarillo Ca 93010
P 805.987.1400
F 805.987.2866
C 805.750.2150
From:cdcbaa@yahoogroups.com [mailto:cdcbaa@yahoogroups.com] On Behalf Of Catherine Christiansen
Sent: Wednesday, September 18, 2013 10:58 AM
To: cdcbaa@yahoogroups.com
Subject: Re: [cdcbaa] MFR...inhibit moves ?
Expect a MFR in Ch 7 that will be granted bec. they are not current & no equity. Conversion to 13 will work only if they can make plan payments from 30 days of filing date. So if they file a chapter 7 on 9/18/13 and convert to ch 13 10/18/13 their first plan payment is due 10/18/13 (30 days after the petition date) and they must pay all postpetition mortgage payments. They must regular income to convert. They must have sufficient income to pay the regular monthly mortgage payments and cure default + whatever priority debts they have. You can always ask for a mod.he request for mod with lender now. Dual tracking only stopped when completed mod package is accepted by lender and there are special rules about dual tracking when you are so close to 4close sale date. BK is the only way to stop the sale, I wouldn't trust "servicer" promise to stop when completed loan mod not
submitted yet. There are more issues about BK, if you are not familiar with BK then you might want to send the clients to a BK atty.
Law Office of Catherine Christiansen
17011 Beach Blvd. Ste 900, Huntington Beach, CA 92647
Tel: (714) 375-6651 Fax: (562) 490-8572
attorneychristiansen@gmail.com
________________________________
The post was migrated from Yahoo.
charset="UTF-8"
Rick,
The last two Ch7 to Ch13 conversion I did Trustee Rojas expected the first payment 30 days after the Order for conversion.
Best regards
Larry Webb
State Bar of California 229344
Central District California
"A Debt Relief Agency"
Check out my Blog
Larry@webbklaw. com
Law Offices of Larry Webb
484 Mobil Ste 43
Camarillo Ca 93010
P 805.987.1400
F 805.987.2866
C 805.750.2150
The post was migrated from Yahoo.
Expect a MFR in Ch 7 that will be granted bec. they are not current & no equity. Conversion to 13 will work only if they can make plan payments from 30 days of filing date. So if they file a chapter 7 on 9/18/13 and convert to ch 13 10/18/13 their first plan payment is due 10/18/13 (30 days after the petition date) and they must pay all postpetition mortgage payments. They must regular income to convert. They must have sufficient income to pay the regular monthly mortgage payments and cure default + whatever priority debts they have. You can always ask for a mod.he request for mod with lender now. Dual tracking only stopped when completed mod package is accepted by lender and there are special rules about dual tracking when you are so close to 4close sale date. BK is the only way to stop the sale, I wouldn't trust "servicer" promise to stop when completed loan mod not
submitted yet. There are more issues about BK, if you are not familiar with BK then you might want to send the clients to a BK atty.
Law Office of Catherine Christiansen
17011 Beach Blvd. Ste 900, Huntington Beach, CA 92647
Tel: (714) 375-6651 Fax: (562) 490-8572
attorneychristiansen@gmail.com
________________________________
To: cdcbaa@yahoogroups.com
Sent: Wednesday, September 18, 2013 10:41 AM
Subject: [cdcbaa] MFR...inhibit moves ?
I have H and W came in this morning....Own a home worth $340 K. Outstanding mortgage is $375K.....no second. Clients behind 10 payments of $2000.00 per mo. Sale/Auction is Fri 9-20-13. Clients working with RE agent ...loan mod....claim they only need a little time. If i file 7....expect MFR...or maybe not....Will MFR inhibit conversion to 13 or even dismissal of 7......What if I call lender to try and deal?...appreciate your time and input....tx
The post was migrated from Yahoo.