I filed for bankruptcy May 28... I sent June payment to the mortgage company and it was applied to an escrow account on insurance for the house (that was due but they had sent an earlier communication allowing pay to add to the monthly payments) instead of posting towards the payment. Since I filed for bankruptcy I haven't received any communication from them. My meeting with the trustee is August 2nd... am I supposed to continue sending them payments before the trustee meeting, should I wait? why are they not sending me statements? The mortgage company is Washington Mutual.
2007-07-25 11:17:35 · 2 answers · asked by l_romanmd 1 in Business & Finance ➔ Personal Finance
Legally they cannot communicate with you once you file for bankruptcy even if you want to keep the house.
If your plan is to keep the house keep sending them the funds, once you sign your reaffirmation agreement they will go back and properly post your payments (also keep track of your payments so you can verify they have all been applied correctly). Continue to communicate with them, since they are not legally allowed to call you or contact you by mail so they know your intentions and so you can keep your mortgage in good standing for once the bankruptcy is discharged. The problem with not sending payments is once you sign the reaffirmation agreement it is as if you never filed to your mortgage company, so if at that point you are 3 months past due they can start forclosure proceedings, charge you a bunch of penalties, ect! So just keep paying!
2007-07-25 11:45:30 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Filing for bankruptcy causes an automatic stay an ALL collection efforts by ALL creditors. As long as the bankruptcy is pending, ALL communications regarding debts MUST go though the courts. You should not be sending ANY debt payments without court supervision.
2007-07-25 19:48:10 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋