Can I Reaffirm My Mortgage After Discharge

Mortgage Payments and Credit Reporting After Chapter 7. – If you file for Chapter 7 bankruptcy and discharge your mortgage obligations, the creditor can report only that the balance due is $0 and the debt was discharged in bankruptcy. The creditor cannot report a balance due, nor can it report any payments you make on the loan after bankruptcy.

Mortgage Reaffirmation After Chapter 7 – What’s it All About? – If you’d like to reaffirm your personal liability for a secured debt even after a discharge from Chapter 7 bankruptcy, a reaffirmation agreement is what you need to sign with the lender. Reaffirmation agreement is usually executed for secured debts such as mortgage, car loan, RV loan etc.

Should I Reaffirm my Mortgage in Bankruptcy? – Massachusetts. – Reaffirmation is a voluntary procedure that can happen within a Chapter 7 case. legal liability on a debt that would be discharged in the normal course.. Wait, I 'm keeping my house and paying on the mortgage, did I reaffirm?. benefits by refinancing the mortgage a few years after your bankruptcy case.

The Bankruptcy Discharge And Beyond: What To Do After Your. – (There is no reaffirmation in Chapter 13.) If you do not reaffirm your mortgage loan and decide at a later date that you no longer wish to keep your home, you can simply stop making the payments. Eventually, the property will go into. 75 comments to The Bankruptcy Discharge And Beyond: What To Do After Your Bankruptcy. Teri. December 9, 2016.

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Can you refinance after bankruptcy? – The debtor can. I am a mortgage loan consultant and I have made it my area of expertise in working with people with bankruptcies, bad credit, and foreclosures. Firstly you do NOT have to wait 2.

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What Happens if I Don't Reaffirm My Mortgage After Bankruptcy. – If you don’t, you won’t be able to discharge this obligation in the future, and the lender can come after you for the balance of the debt. If you have the chance to reaffirm a second mortgage and refuse, you may lose your home.

Should I Reaffirm My Mortgage In Chapter 7? | GA. – For this reason, I will not let my chapter 7 bankruptcy clients reaffirm a second mortgage. While you still have to pay it if you want to keep the house, they will never be able to sue you for a deficiency if you walk away from the house in the future.

Should You Reaffirm Your Mortgage to Keep Your Home in a. – By not reaffirming on the mortgage in Chapter 7 bankruptcy, the bankruptcy discharge that you receive eliminates your personal liability on your mortgage, even though your mortgage company continues to have a valid lien against your home.

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