Wells Fargo wants me to reaffirm..

[geye]

..my mattress! I've already paid them roughly $900. The current market value (according to them) is $550, so that's what they want me to pay.

Not gonna do it. They've already gotten more than it's worth.

So...

Will they actually come get a 2-year old tempur pedic mattress? DD had an, umm.. accident.. on it the other day, so more power to them, right?

[Freddy03]

LOL I don't thin they want your mattress. I'd be pretty shocked if they can and got it.

[ccsjoe]

OK, let me state the obvious. Mattress, used for sleeping and other activities. Sure, come get it...LOL

[DebtHater]

Tell them you will not reaffirm and politely ask them when you can expect them to come and pick it up. Furthermore request a receipt that the mattress was repossessed and include a letter that any additional debts regarding said mattress will be satisfied per the current market value if that is what is owed. If less is owed say, $200.00, tell them you expect a payment for the difference.

[BnkrptcyLwyr]

Absolutely not. I have never had a client reaffirm on a furniture-type account, and they have never come for the collateral.

There is simply no way for them to foreclose on the collateral without breaking into your house.