WebAug 3, 2012 · Your question is whether a lender can assess late fees. We need to know whether you reaffirmed the underlying debt secured by the mortgage. If not, you are not personally liable for the debt, the late fees or interest and they cannot attempt to collect it from you due to the discharge injunction. WebApr 28, 2024 · If you officially reaffirmed the debt, then yes, they can still sue you after a repossession if there is some kind of deficient balance after the auction, but only if you …

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Judges who refuse to approve reaffirmation agreements for real estate mortgages often do so out of concern for the filer. After all, there is nothing in the bankruptcy laws that requires a reaffirmation for your home loan. They do this to protect filers from the potential disaster if they can’t make the mortgage for … See more The goal of filing for Chapter 7 bankruptcy is to have your debts discharged so that creditors can no longer take collection action against you. While the automatic stay temporarily stops creditors from hounding you, a … See more Judges ultimately decide whether to approve reaffirmation agreements on real property. Their stance on reaffirmation of mortgages, in turn, depends on the state. Bankruptcy courts across the country are split on the issue. In … See more Mortgage companies argue that reaffirming a mortgage is the best way to ensure that your payments are reflected on your credit report, though there’s nothing that says you have to reaffirm a loan for them to … See more WebApr 10, 2024 · If you or anyone you know think that you or they were discriminated against while trying to rent an apartment, in how you were treated as a renter, or when you were interested in buying a home or getting a mortgage, please contact us.” For more information: On the Erie County Fair Housing Partnership, Inc., call 716-648-6216 how to stop tingling in hand

Should You Reaffirm a Mortgage in Bankruptcy? ABI

WebPros of Reaffirming a Mortgage. The biggest advantage of reaffirming a mortgage is that you get to keep your home. If you are behind on your mortgage payments or in danger of losing your home, reaffirming can help you avoid foreclosure. Reaffirming also allows you to keep your current interest rate, which could be beneficial if rates rise in ... WebJun 6, 2011 · Click Here. In chapter 7, as long as you did not reaffirm the debt, the mortgage debt is wiped away and the lender cannot chase you other than to foreclose. Regardless, if the lender has not finished a foreclosure, you are still the legal owner of the home. You can sell it, but you would need to pay off the mortgage. WebDebtors do not have to reaffirm a mortgage debt. Most Debtors Should Not Re-affirm a Mortgage Generally, there is no reason to reaffirm a mortgage obligation unless the … how to stop tingling in legs