Reaffirmation sounds like a bogus deal

[freefall]

The two loans we are reaffirming include our mobile home and our truck. The truck is current until June of next year, we only owe 1400 and will pay it off with our income tax refund, so it's kind of a moot point.

But it seems it would be better if our mortgage company didn't reafirm. Since we are current, and will continue to be, they can't foreclose or repossess, and if they didn't reafirm, we could walk away from the house at any time in the future, no questions asked and not owe another dime.

Am I incorrect in my thinking here?

[DebtEnder]

No sounds about right to me.

[HHM]

That is correct.

[thereshope]

That's my understanding. I'm not reaffirming because, 1 my payments are current. 2, It would cost me almost $1K to reaffirm 3. after discussing with my attorney, there's no direct benefit to me.