Bankruptcy - anyone gone through it?

[Dayze]

Originally Posted by Bugeater

Just watch yourself, get everything in writing before you agree to it. I don't proclaim to know a lot about this, but I do know that when it comes to people getting money owed to them, they will do whatever it takes to get it, even if it means lying straight to your face. Also be wary of any service that says they will "help" you, sometimes they will leave you worse off than you already were.

Remember one important thing, the ONLY person who will be looking out for your best interest is YOU.

Absolutely.

If they would agree to do it, I would have their offer contract for the DIL reviewed by an attorney to cover me. if there is any language in that contract that is open-ended in their favor I would have them change it etc.


Been there - having someone tell you one thing, then it comes back to haunt you. That’s how we ended up in this mess when they told us (I’ve requested the transcript of the call…..but haven’t been told yet if they will provide it. They said they would ‘review’ the call…..suuuuuuure.) to not make a payment during the loan modification process for July, Aug, Sep; and to resume on Oct if we paid June’s in full. Which we did. Well…by doing that, we not only entered in the foreclosure process…but we screwed ourselves because now we’ve missed a payment. Therefore, virtually no one would refinance, we don’t qualify for the Obama recovery (whatever it’s called) because we’ve missed a payment in the last 12 months. So, basically at that point. Wells Fargo had us by the cajones; they know whe can’t refinance /go with someone else. They know if we want to stay, we have to play by their rules/terms.


Lesson learned.