House - Girlfriend owns 50%

[stevebkhowe]

It is currently worth a bit less than we paid.

Can/will anybody come after the house?

[keepmine]

As long as you're current, you should be able to keep the house. I'd not sign a reaffirmation agreement.

[stevebkhowe]

As long as you're current, you should be able to keep the house. I'd not sign a reaffirmation agreement.

Can you explain? What is a reaffirmation agreement and in this case why not sign one?

Thanks!

[keepmine]

A reaffirmation agreement means, you accept the same terms of the note that existed prior to filing. That means, if you walk away at a later date you will be responsible for a deficiency balance. If you don't reaffirm, your liability for a deficiency balance is discharged in the bk.