hi, i am in process of bankruptcy and I am expecting my discharge in two more weeks but I did sign reaffirmation for second mortgage now that reaffirmation of $85 went up to 195 also the value of my property still the same as three years ago due to that I am thinking to stop paying, ok now after i receive my discharge what would happen if I call the bank and tell them that i do not want to keep this property?
-
Last edited by Elchulo71; 09-20-2005, 05:18 AM. -
I believe you have a certain amount of time to cancel the reaffirmation agreement and if your discharge hasn't happened yet you should be within that window.
Call your attorney ASAP!Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision. -
Talk to your attorney quickly, otherwise you will get stuck paying for that mortgage completely......since you reaffirmed on it......
Possibly still, you might be able to back out of it before discharge and included in bk..... not sure....
Good Luck
MinnyMinny
"It's amazing the paths that our feet sometimes follow in life".
My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.Comment
Comment