Chapter 7 Can I still save home? - Loan Modification Forum

luvprec · 02-13-2009, 11:21 AM

Florida Got my chapter 7 discharge 9/08. Home has not foreclosed. Countrywide said I am still protected from bankruptcy laws. They are wating on validation. It has been 18 months. I moved out and now I am moving back. I think I will still have at least 6 months to save before the home would go to auction. I am now working and want to know is it to late to save my home? I owed $355K with a 1,2 &3 mortgage. The 1 &2 is with Countrywide. The 3rd is with JP Morgan. The home is only worth about $175K. The Bank ask if I wanted to work something out but I didn't say yes because I don't know my rights. I did surrender home in the discharge. But can I still save it? PLease reply.

Moe Bedard · 02-13-2009, 03:54 PM

HI luvprec,

Welcome to the forum and thank you for joining..............

You would need to contact CW to see if there are options for a modification available.............

CW Home Retention
1-800-669-0102

luvprec · 02-16-2009, 03:02 PM

Thank you. I will call today

buzzpat · 02-16-2009, 05:44 PM

luvprec

we are in a similar situation. our chapter 7 was discharged in Aug 08. I have spoken with CW and my attorney. apparently, you CAN retain your home if CW will work with you. they tell me that they are willing to work with us but I haven't seen anything from them recently. we have had some correspondence that says we'll be contact by a negotiator to work out new terms but that hasn't happened yet. give your attorney a call and give him/her a heads up. a letter from your attorney to CW is a probably a good idea as well. good luck! I'll let you know how it works out with us.

luvprec · 02-17-2009, 07:36 AM

buzzpat, thanks for the hope. I will say a prayer for you as well. I will update you with my progress. Have a nice day.

luvprec · 02-17-2009, 09:38 AM

Ok, CW said they will also have a negotiator contact me. I called my attorney she said she is not my attorney anymore since I received my discharge I should contact a Real Estate Attorney. Is she correct?

02-13-2009, 11:21 AM	#1 (permalink)
luvprec Member Join Date: Feb 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Chapter 7 Can I still save home? Florida Got my chapter 7 discharge 9/08. Home has not foreclosed. Countrywide said I am still protected from bankruptcy laws. They are wating on validation. It has been 18 months. I moved out and now I am moving back. I think I will still have at least 6 months to save before the home would go to auction. I am now working and want to know is it to late to save my home? I owed $355K with a 1,2 &3 mortgage. The 1 &2 is with Countrywide. The 3rd is with JP Morgan. The home is only worth about $175K. The Bank ask if I wanted to work something out but I didn't say yes because I don't know my rights. I did surrender home in the discharge. But can I still save it? PLease reply.

02-13-2009, 03:54 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 7 Can I still save home? HI luvprec, Welcome to the forum and thank you for joining.............. You would need to contact CW to see if there are options for a modification available............. CW Home Retention 1-800-669-0102 __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

02-16-2009, 03:02 PM	#3 (permalink)
luvprec Member Join Date: Feb 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 7 Can I still save home? Thank you. I will call today

02-16-2009, 05:44 PM	#4 (permalink)
buzzpat Member Join Date: Jul 2008 Posts: 25 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 7 Can I still save home? luvprec we are in a similar situation. our chapter 7 was discharged in Aug 08. I have spoken with CW and my attorney. apparently, you CAN retain your home if CW will work with you. they tell me that they are willing to work with us but I haven't seen anything from them recently. we have had some correspondence that says we'll be contact by a negotiator to work out new terms but that hasn't happened yet. give your attorney a call and give him/her a heads up. a letter from your attorney to CW is a probably a good idea as well. good luck! I'll let you know how it works out with us.

02-17-2009, 07:36 AM	#5 (permalink)
luvprec Member Join Date: Feb 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 7 Can I still save home? buzzpat, thanks for the hope. I will say a prayer for you as well. I will update you with my progress. Have a nice day.

02-17-2009, 09:38 AM	#6 (permalink)
luvprec Member Join Date: Feb 2009 Posts: 5 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 7 Can I still save home? Ok, CW said they will also have a negotiator contact me. I called my attorney she said she is not my attorney anymore since I received my discharge I should contact a Real Estate Attorney. Is she correct?

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