topic Re: Now I'm worried! in Bankruptcy

Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:12:13 GMT

I just checked Pacer and see that the trustee filed a "Motion to employ or retain counsel" on 05-14-25. The judge signed off on it same day. I can't get the document to load on pacer at all. I have no clue on what it could be for. I had my 341 meeting on May 6th. What could this be and why would the trustee hire a extra lawyer to help her with my case??? Please help

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:17:21 GMT

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 05:26:26 GMT

Can you make this bigger? Can't make it out & I did enlarge it. thx

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:29:22 GMT

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:30:45 GMT

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 05:41:13 GMT

Could be nothing. I would keep trying to get it to load. Let me check. What state?

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:41:34 GMT

Thanks. She mentioned something about selling the "phantom equity" in my home since I'm letting it go in the bk. I don't live in the home and haven't since last April. I told her I have friends/family living in it for free cause they needed some place to stay. She kept asking if they paid me any money to live there and I told her no, I was thinking she hired the other counsel to dog into that to see if they have paid me or something

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:41:54 GMT

Middle district of Florida

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 05:43:42 GMT

It looks like it. Just make sure all of your ducks are in a row. I don't think you will have a problem.

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:44:26 GMT

We're you able to get it to load?

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 05:47:11 GMT

K. Not too far from me! That's what they're there for. I think with all going on in our state still, they just want to be sure. I do have some friends that did the same. They made it through just fine.

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 05:48:19 GMT

Strange but yes.

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:52:38 GMT

Pm sent

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 05:55:14 GMT

Everything in your document looks fine. Creditors signed off. I suppose they have someone buying your home on a certain date or plain on having it sold by a certain date? Could be why they're checking.

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 05:59:19 GMT

The lawyer told me she would have it sold in 2-3 months. Which is a good thing since the USDA was going to take 4+ years to forclose on the home. Note if she sells it ill be able to buy sooner than if I waited on them to forclose.

Re: Now I'm worried!

Anonymous — Sun, 17 May 2015 06:12:37 GMT

Foreclosure here is a forever process.

Re: Now I'm worried!

gdale6 — Sun, 17 May 2015 19:00:23 GMT

If this is a BK-7 you cannot be hit with a FC since the debt will be discharged in the BK so as far as getting a new home loan Im pretty sure the timeline would be from the month you filed your BK. FHA is 2 yrs after BK.

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 19:53:14 GMT

Yes this is a Bk-7. This was a USDA loan which I believe is also a FHA loan. This makes me happy to hear that they cant do a FC on this since the debt will be discharged.

Re: Now I'm worried!

DaveInAZ — Sun, 17 May 2015 21:19:14 GMT

@michaels88369 wrote:
Yes this is a Bk-7. This was a USDA loan which I believe is also a FHA loan. This makes me happy to hear that they cant do a FC on this since the debt will be discharged.

No, a USDA mortgage is not FHA, completely different. And just to be clear they can & will foreclose, it just won't be on your credit report because your responsibility for the debt was discharged. Also because of BK7 discharge if there's any deficiency (sells for less than you owe) they can't come after you for any of it.

Re: Now I'm worried!

michaels88369 — Sun, 17 May 2015 22:07:34 GMT

The trustee said she'll have the house sold within 3 months to am investor so I'm glad that the FC won't have to happen.