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JTTedder · Jan 16, 2008, 01:40 AM

I may have a property going into foreclosure with 2 missed payments. I was thinking of filing chap 7 , I took the means test and my income is below the requirements. I also was wondering if you can get a company like a hospital to stop direct deposit if I think I am going
To have a judgements from the lender(Mortgage co) on my checking account.
Fell like the realtor that sold me the house dumped it on me without my best interest at hand.
What would be a good course of action . I am 56 years old and I have never been in any debt problems.
Wondering

ScottGem · Jan 16, 2008, 05:10 AM

You can stop payroll direct deposit anytime you want to. Generally there is a lead time needed to process the request.

Lien on bank account · Feb 8, 2008, 10:10 PM

Originally Posted by JTTedder

I may have a property going into foreclosure with 2 missed payments. I was thinking of filing chap 7 , i took the means test and my income is below the requirements. I also was wondering if you can get a company like a hospital to stop direct deposit if I think I am going
to have a judgements from the lender(Mortgage co) on my checking account.
Fell like the realtor that sold me the house dumped it on me without my best interest at hand.
What would be a good course of action . I am 56 years old and i have never been in any debt problems.
wondering

Hello sorry to hear of your problems, but you can check out deceptive mortgage lending,predatory lending,predatory lending practices,mortgage errors,home mortgage errors,mortgage loan fraud,mortgage fraud,mortgage advice,deceptive mortgage lending practices,mortgage loan document examination,mortgage document. They look for issues in th RESPA and Truth and Lending act to see if there were errors an omissions, etc. They may be able to help you stop the foreclosure and save your property. You also needed to file a chapter 13 case not a chapter 7 in order to keep the properties. That is a repayment plan.

Good luck, check they out.

excon · Feb 9, 2008, 04:44 AM

Hello JT:

You're also right about the realtor. He was looking out for himself instead of you. But, they ALL do that. He has no fiduciary obligation to you.

excon

bak0033 · Mar 2, 2008, 02:19 AM

You can also just change your bank account and even stay with the same bank. Just change your account to a different account number.So close your exsistng account allowing time for your pay to be deposited and then change your account. Your company does a account scan usually a week before each payday. So change your account on or right after your payday.

George_1950 · Mar 2, 2008, 06:30 AM

If a creditor has a judgment and garnishes your bank, it will turnover any property in its possession to the court; changing one account for another will be of no useful affect.

Fr_Chuck · Mar 2, 2008, 07:19 AM

Real estate agents normally represent the seller, not the buyer, unless you hired one to represent you in buying. So they will want you to buy something. What about buying the house did not your understand, the price, the amount of the payments each month and so on? Was it an adjustable mortgage ? Did you not know it was?
Or did you want more house than you could afford? Often we make personal choices and then want to blame someone else for what we decided.

But yes, just notify your employer you want to stop direct deposit.