Reaffir ?

[Shoshanna]

Are We Supposd To Reaffir We Had Tofile To Keep The House Fro Foreclosing.

[edwards2]

You don't have to reaffirm but since you obviously were behind on your house payments you cannot file a Chapter 7. Chapter 13 is designed for people in your situation to allow them to keep their house and make payments as designated by the court. People told me not to reaffirm because if we became delinquent on our house note and the bank did foreclose we would owe the balance of what the house was sold for versus what we owed on the house. We elected to reaffirm. Your attorney can advise you.

[GettingThere]

What if you have a lot of equity? Does it make sense to reaffirm?