Did not reaffirm mortgage
WebMar 16, 2014 · Assuming you did not reaffirm your mortgage, since you would incur expenses to sell your home, why do it? Stay in the house, stop paying the mortgage and live rent free until the mortgage company forecloses.
Did not reaffirm mortgage
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WebSep 28, 2024 · If you did not reaffirm your home during your bankruptcy proceedings, then the lender can still foreclose on your home. This is because when you took out your … WebJul 19, 2013 · Even if you did not reaffirm your mortgage (which we would not, in most circumstances, advise you to do anyway) in your bankruptcy case, there is absolutely no prohibition against your lender offering you a HAMP mortgage modification after receiving your Chapter 7 Discharge.
WebJan 17, 2024 · In bankruptcy, Debbie reaffirms her mortgage debt. John does not. Several months after bankruptcy discharge, each falls on hard times, and becomes unable to … WebJul 24, 2016 · There is no legal reason why you can't refinance your mortgage. Legally you can. However, some of the lenders have a policy that they won't do it if you have your loan with them and you did not reaffirm. It's not a matter of the law, it's just their policy.
WebJul 29, 2012 · Posted on Jul 29, 2012 Selected as best answer A mortgage is not reaffirmed in bankruptcy unless the bankruptcy judge signs off on it with a reaffirmation. Even if you had signed a reaffirmation, unless the bankruptcy judge okayed it, it is not a valid reaffirmation. WebSep 28, 2024 · No, a reaffirmation agreement is not necessary to refinance your mortgage. However, court approval is always required. What happens if I reaffirm my car loan? If you reaffirm your car loan, you are personally liable on the obligation again and leave yourself on the hook for any future deficiencies.
WebPros of Reaffirming a Mortgage. The biggest advantage of reaffirming a mortgage is that you get to keep your home. If you are behind on your mortgage payments or in danger of losing your home, reaffirming can help you avoid foreclosure. Reaffirming also allows you to keep your current interest rate, which could be beneficial if rates rise in ...
WebRecently, some Chapter 7 clients have called and asked to reopen their case, even if they received a discharge years ago, in order to file a reaffirmation agreement with their … hct 24.8WebJun 17, 2011 · You are not required to reaffirm your mortgage and in fact many people do not. You did not, despite any boxes you may have clicked. Furthermore a reaffirmation … hct 25mg tabletWebBut, you must violate that mortgage to trigger the foreclosure right. So Chapter 7 only impacts the note, their right to demand payment from you. Absent a reaffirmation agreement, so long as you continue to make payments, you never trigger the mortgage right to foreclose. hct 25%Web1 day ago · In the presentation, Chart reaffirmed its prior guidance for $1 billion in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in 2024 and $1.3 billion in 2024 ... golden bear gymnastics berkeley caWebJun 27, 2016 · So, as long as one is current with payments, there is no need to reaffirm the debt. In fact, reaffirming the debt on some junior or refinanced mortgages could result in you owing the full amount later on in the event you miss payments and the property is later foreclosed on. So it’s not a good idea to reaffirm. But this is where the problem arises. golden bear hockey scheduleWebSep 3, 2012 · If you filed a Chapter 7 bankruptcy and did not reaffirm your mortgage you are no longer personally liable on the mortgage. Therefore, you could stop paying your … golden bear heating and airWebJan 16, 2024 · After a bankruptcy case has been resolved, you are not permitted to reaffirm your mortgage. To enter into a reaffirmation agreement, a motion to reopen your … hct 25 mg alternative