To reaffirmed or not what does it mean doing bk???
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What does it mean to Reaffirmed or NOT a Mortgage
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AFAIK, "reaffirmation" of debt is only applicable if you're filing Ch. 7
With that said, the bank will still have to foreclose to get the legal ownership of the house.
Good luck.No person in their right mind files a Ch. 13 with lien strip pro se. I have.Therefore, please consider me insane and clinically certifiable when reading my posts, and DO NOT take them as legal advice of any kind.Thank you.
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When you reaffirm, you restore the obligation to pay that debt after the bankruptcy. Do not reaffirm a house or car you intend to give up.
The bank must foreclose in order to take the house back.Get mortgage modified: DONE! 7 months of back interest payments amortized, payment reduced over $200/mo
(In the 'planning' stage, to file ch. 13 if/when we have to.)
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