need to know what it means when no reaffirmation on mortgage happens
This is a discussion on need to know what it means when no reaffirmation on mortgage happens within the Consumer Bankruptcy forum, part of the BANKRUPTCY & DEBT COLLECTIONS category; In 2005 we filed bankruptcy, we never reaffirmed with our mortgage company and they never reaffirmed with us. We continued ...
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Aug 15th, 2008, 08:42 AM
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#1 |
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Junior Member
Join Date: Aug 2008
Location: Indiana
Posts: 7
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need to know what it means when no reaffirmation on mortgage happens
In 2005 we filed bankruptcy, we never reaffirmed with our mortgage company and they never reaffirmed with us. We continued to make the payments but now have fell behind, with the possibility of forecloser. If it goes into forecloser and the mortgage company sells the property and does not get what is owed on the loan are we liable for the balance owed or is it considered a part of the bankruptcy? since there was never a reaffirmation by either party, And if it is considered a part of the bankruptcy can we try and sell the home? Thanks
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Aug 15th, 2008, 08:46 AM
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#2 |
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Guest
Posts: n/a
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Re: need to know what it means when no reaffirmtion on mortgage happens
That varies by state.
What state are you in? |
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Aug 15th, 2008, 05:11 PM
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#3 |
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Junior Member
Join Date: Aug 2008
Location: Indiana
Posts: 7
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Re: need to know what it means when no reaffirmtion on mortgage happens
I'm in Indiana
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