[2015] About to Start the Foreclosure Process

[taterhed]

Well, you faced the bull.....and the bull blinked. Apparently.

Glad it worked out for you....you've been candid about it all...but certainly don't recommend this strategy for others.

Again, glad you can move on.

 

[kaljor]

Thanks a lot for coming back for this update. It's always a little unsatisfying to get involved in someone's story in a forum like this and not get later results.

In addition, you provided us all with a ton of useful information. Factual information about every step in this process is hard to come by anywhere else. Not to imply that everyone's case would be treated exactly as yours was, but all correct information is helpful

Best of luck to you.

 

[Nomad34]

Update: Chapter 13 was filed w court on Friday. Lawyer explained that creditors will have 90 days to object but that in their experience, this doesn't happen. They submitted to judge that I would give up all contracts to Wyndham to settle that bill in full (this includes the 2 gifted ones in addition to the platinum membership).

My restructured payments will be $1000/month for 5 years through court by monthly certified check.

Husband still angry but knowing that he will be handling all finances without me jeopardizing our nest egg, is helping. I will have no weekly allowance except for gas money (fine by me for now--I freaked myself out on how stupid I am with money!)

Hell of a life-lesson but beats the alternative of paying Wyndham $2000 for 180 months (which I thought was 5 years but it's really 15 years!!!!) Expensive fix (lawyer retainer was $3500 plus 310 court filing fee in NYS). And, I'm still upset with myself that I trusted "sales weasel" when I could have rescinded in time (he "calmed" my worries that I'd use points toward maintenance fees and just refinance loan when I got home).

I wish I had done stupid stuff and rebelled when I was a teenager--maybe I could have avoided this stunt! I guess you don't get out of life without doing something stupid (although this was MONUMENTALLY stupid!)

Will update as I go through the next 90 days...thanks for listening.

Sad to hear but happy to know you are OK with your solution. I have posted my rescission letter partly online to make sure the practice of updates has been the ruin of Wyndham until now. The two companies split was best for some and hurtful for others. Only time will tell.

 

[bogey21]

Update: Chapter 13 was filed w court on Friday.....My restructured payments will be $1000/month for 5 years through court by monthly certified check.....but beats the alternative of paying Wyndham $2000 for 180 months (which I thought was 5 years but it's really 15 years!!!!).

My assumption is that the $1,000 is for all creditors not just Wyndham.

George

 

[kaljor]

My assumption is that the $1,000 is for all creditors not just Wyndham.

George

Not that it's all that important but you replied to someone different from the original poster. The poster you refer to was another person who had a similar situation and came along much later in this same thread.

Just in case someone was confused about this response.

 

[Nomad34]

Not that it's all that important but you replied to someone different from the original poster. The poster you refer to was another person who had a similar situation and came along much later in this same thread.

Just in case someone was confused about this response.

The confused old lady who doesn't know anything and confuses everyone.

 

[dumbasswhoboughtwyndham]

Good Morning! OP here. NOTHING ZERO NADA to report. It's been radio silence for the both of us.....yet I still get the travel magazine in the mail. I was wondering if they'll start it back up around the holidays, or if they are working on more pressing matters than ours, but I told ex to NOT contact them no matter how badly he wants to know what they're doing on their end. I do occasionally wonder why they're dragging their feet on this. Just close out the issue / "prosecute" us and get it over with already. Hmmm. Thoughts?

So nothing transpired between the receiving of a 1099-A and this most recent tax year I think I may have missed a post.