Question about reaffirming..

[aces67]

We reaffirmed our mortgage and I have a question about it.

Once it's reaffirmed it will start reporting on our credit again right?

[LuciluS]

In reading many of the posts on this forum...some Mortgage companies do report and others don't.

I think I would call and ask them to report it to all 3 credit bureaus. Once we make our Sept. payment, I'm calling our mortgage co. and asking your question along with if they have a different mailing address while we are in BK. We are filing 9/30/09.

[aces67]

After reading your reply I called them and they said that they will start reporting it monthly but it won't start until September 1st. That's fine with me I just wanted to be sure it was going to show up.

[klandsb]

I am thinking that the bank was OK with your reaffirming.... I also would like to reaffirm but from everything I am reading on here not many banks do that and you just have to take a ride thru...

[LuciluS]

Good deal, Aces!

I want to reaffirm our home mortgage as we just bought it 12/20/07. Arkansas, and especially our area, was not hit that hard in the market slump of home values.

We've have 2 homes sell on our street this past month. I'm estimating about the 3rd quarter of next year, our home will have equity in it. I'm 55 yrs old and I want 'peace of mind' there is no way the mortgage company can take our home as long as we keep current on the monthly payments. I do not want to go the 'ride thru' method.

I haven't asked our Attorney yet about this. However, his contract states his fee includes 2 reaffirmations. That leads me to think Arkansas requires them.

[aces67]

We specified in our filing that we wanted to reaffirm and then I personally called my mortgage company and asked them to send out the reaffirmation.
Like you we wanted peace of mind.