Odds that credit union will force my hand to reaffirm

[2live]

I am filing soon and have both a home equity loan and car note with same cu. I DO NOT want to lose the home as its been in family for 60 years and I do not want to lose car as less than 2yrs to pay, low miles and low payment. BUT my attorney has advised just keep paying, don't reaffirm and I'm afraid since cu holds alot of cards they may force my hand to sign reaffirm.

I already opened checking/saving with another bank so I'm prepared if they freeze me out but I worry about the car and house.

Just wondering of those of you who did not reaffirm and stayed current, anyone lose the property anyway??

[NoMoreRed]

We had a similar situation with our CU and we took it out of their hands completely by getting a 722 redemption loan for the car through US Bank. This allowed us to keep the car and did not put us in the position of being forced in a sense to do something that is favorable for the CU and not so favorable for us.

[2live]

Thanks Nomore but I understand the interest rate would be pretty high as it is now I pay 5%.

[mamaluv]

Thanks Nomore but I understand the interest rate would be pretty high as it is now I pay 5%.

Same reason why I want to keep my car with my CU too...int rate is 5.25% and I only have 2 years left on the loan.

[2live]

Because of the reasons listed above, I have re-thought my original plan to not reaffirm. If I take the risk on either note and just keep paying and cu decides they want the property, do you think they would take it? Has anyone had non reaffirmed property taken just because they could??