My house burned down. Total loss. We will be getting 78,000 from the insurance and mortgage company on our house and another 30,000 for contents. We owed 10K still on our mortgage.
The new mortgage on our new house is $450 more a month than our old mortgage. Our mortgage company told us it would be up to 60 business days before they return our funds so we went ahead and bought the new house with 5% down with plans to refinance in 6 months.
I was already going into a 100% repayment plant. How does the extra $450 on the mortgage change that? Will they take the money the mortgage company owes us?
Should I just take $55k of what they owe us and pay off my CC debt and be done with it and not file? The new house is financed strictly in my H’s name. My credit score is abysmal now, but I am in a community property state if that matters.
The interest on the new home is 7%. I cannot remember what the attorney said the interest rate would be on the bankruptcy.
Also, we lost everything, including all our paperwork, CC statements and our actual CC’s. I don’t even know anymore who I owe or my full account numbers. How do I get all that information?
submitted by /u/makeuplover85
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