I have a quick question, we are discharged and closed from a chapter 7, we did a ride through with our mortgage, if we were to do a modification now, would that reaffirm our mortage.
Thanks in advance
Thanks in advance
-
-
No. I am pretty sure this is prevented by section 524 of the Bankruptcy code.
Do get an attorney to review and advise you before you sign any important financial documents.
Good luck!~~ Filed Over Median Income Chapter 7: 12/17/2010 ~~ 341 Held: 1/12/2011 ~~ Discharged: 03/16/2011 ~~Not an attorney - just an opinionated woman. -
No.
A modification changes the terms of your original agreement- it doesn't pay off/refinance that contract. There should actually be a disclaimer in the mortgage docs about it not changing the outcome of a bankruptcy case.~Staci
Not an attorney, and never played one on tv. My responses are based on my own experiences & personal opinions.)Comment
Comment