Loan Modification Forum - LoanSafe.org - View Single Post

snapple candy · 06-11-2009, 12:58 PM

I did list them (1st & 2nd) in my BK but was current and because there was little equity (under 50K) at the time, it was protected since it was my homestead.
My payments already include taxes and insurance and WAMu has still been paying them even though I have not made a payment now in 1 year. I stopped paying the 2nd 3 mths ago. I am in oregon and non-recourse state. If I walk they cannot come after me for 1st and they can try on the 2nd but I have no money so cant get blood out of a turnup. I can always discharge in 2 years if I have to if it all falls apart. I dont have any money to settle with them on the second even if they offered it. Since so underwater, they really have no leverage on the 2nd.
Did you re-file paperwork in April after Obama plan came out? I have ben working on this with WAMU since last July...and it hasnt been fun.

06-11-2009, 12:58 PM	#63 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,307 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: WaMu/Chase Mod Moving Forward I did list them (1st & 2nd) in my BK but was current and because there was little equity (under 50K) at the time, it was protected since it was my homestead. My payments already include taxes and insurance and WAMu has still been paying them even though I have not made a payment now in 1 year. I stopped paying the 2nd 3 mths ago. I am in oregon and non-recourse state. If I walk they cannot come after me for 1st and they can try on the 2nd but I have no money so cant get blood out of a turnup. I can always discharge in 2 years if I have to if it all falls apart. I dont have any money to settle with them on the second even if they offered it. Since so underwater, they really have no leverage on the 2nd. Did you re-file paperwork in April after Obama plan came out? I have ben working on this with WAMU since last July...and it hasnt been fun.