My sister bk'd about a year ago. In order to get a much lower interest rate her atty advised her to reaffirm her mtg. I totally did not agree with this since the mtg is $138k and her house is worth about $75k.
Anyway, no her and her husband are getting divorced. I think she should just stop paying the mtg regardless of her reaffirmation. She really can't afford it anyway. I think she would be better off to stall and try to save as much money as she can prior to getting foreclosed and then take that money and go elsewhere.
What do you think? Should she kill herself trying to pay this or just walk away?
Anyway, no her and her husband are getting divorced. I think she should just stop paying the mtg regardless of her reaffirmation. She really can't afford it anyway. I think she would be better off to stall and try to save as much money as she can prior to getting foreclosed and then take that money and go elsewhere.
What do you think? Should she kill herself trying to pay this or just walk away?