Can I reaffirm mortgage after 341 meeting?

[HOMEBODY]

I want reaffirm one of my mortgages in order to raise my credit score as soon as possible. I have equity in this house and I know that I will not lose it to foreclosure. I am renting the house and having positive cash flow.

How would I reaffirm after my attorney has stated NO reaffirmation?

I am planning to sell this house when the market gets better and buy a condo with this money for my retirement, but that wont be for another 5 to 10 years.

I hope someone has an answer to this.

[HHM]

Listen to your attorney.

Your CREDIT WILL recover after BK regardless if you reaffirm your mortgage. Also, mortgage brokers can use what is called "rapid re-score" which is a way for them to figure out your score "as if" you had been making your mortgage payments on time.

Your credit will be back to normal in less than 3 years, you don't need to make the stupid move of reaffirming your mortgage in order to accomplish that.

[justbroke]

Never reaffirm for a trade line (period). Your attorney probably indicated no reaffirmation because you are in a non-recourse State, a non-recourse loan, or your District doesn't generally approve them anyhow.

Many Judges love denying them while telling the debtors that they are doing them a huge favor. They are!

You already are showing one area where you are exposed. It's a rental property. I have had rental units go for 6 months with no resident. It cost me dearly. Don't let this happen to you. There is absolutely no reason to reaffirm the mortgage.

Don't reaffirm for a trade line!