Help: LOC secured by home filed Notice of Change of Mortg=
Posted: Wed Aug 02, 2017 3:21 pm
What do the loan docs say? If the note has not matured and the obligation is not recast under the loan docs, an increase that great is very suspicious.
Eric
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Ste. 1080
Torrance, California 90503
Telephone: (310) 792-5864
Facsimile: (310) 347-4353
Email: MitnickLaw@aol.com, MitnickLaw@gmail.com
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To: Strictly Bankruptcy Issues ; cdcbaa
Sent: Wed, Aug 2, 2017 3:17 pm
Subject: [cdcbaa] Help: LOC secured by home filed Notice of Change of Mortgage Payment WAY HIGHER THAN WE EXPECTED
BOA which has a second position secured LOC filed a Notice of Change of Mortgage Payment for $1,000+/month when payments previously were $200/mo. (Debtor hasn't made a payment in several years, but BOA never contacted Debtor or tried to enforce.)
I have a call in to BOA but have not spoken with them yet. Is there anything I can do about this? This will throw off my Chapter 13 Plan. Total owed on LOC is about $119K. Past due amount going through the Plan is about $11K.
Holly Roark
Certified Bankruptcy Specialist*
and Sports Lawyer
holly@roarklawoffices.com **primary email address**
www.roarklawoffices.com
Central District of California & District of Idaho - Consumer Bankruptcy Attorney
1875 Century Park East, Suite 600 Los Angeles, CA 90067
T (310) 553-2600; F (310) 553-2601
*By State Bar of California Board of LegalSpecialization
What do the loan docs say? If the note has not matured and the obligation is not recast under the loan docs, an increase that great is very suspicious.
Eric
Law Office of Eric Alan Mitnick
21515 Hawthorne Boulevard, Ste. 1080
Torrance, California 90503
Telephone: (310) 792-5864
Facsimile: (310) 347-4353
Email: MitnickLaw@aol.com, MitnickLaw@gmail.com
Although this email and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by the sender for any loss or damage arising in any way from its use.
The information contained in this email message and any attached files may be privileged, confidential and protected from disclosure. If you are not the intended recipient, any dissemination, distribution or copying is strictly prohibited. If you think that you have received this email message in error, please notify the sender by reply email, and delete the email message you received and all of the attached files.
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-----Original Message-----
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To: Strictly Bankruptcy Issues <BK@mail.nacba.org>; cdcbaa <cdcbaa@yahoogroups.com>
Sent: Wed, Aug 2, 2017 3:17 pm
Subject: [cdcbaa] Help: LOC secured by home filed Notice of Change of Mortgage Payment WAY HIGHER THAN WE EXPECTED
BOA which has a second position secured LOC filed a Notice of Change of Mortgage Payment for $1,000+/month when payments previously were $200/mo. (Debtor hasn't made a payment in several years, but BOA never contacted Debtor or tried to enforce.)
I have a call in to BOA but have not spoken with them yet. Is there anything I can do about this? This will throw off my Chapter 13 Plan. Total owed on LOC is about $119K. Past due amount going through the Plan is about $11K.
Holly Roark
Certified Bankruptcy Specialist*
and Sports Lawyer
holly@roarklawoffices.com **primary email address**
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