how to reaffirm mortgage after chapter 7 discharge

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Mortgage Reaffirmation in Bankruptcy. First of all, I DID file a Chapter 7 in May — intending to get rid of my home of 17 plus years and the unaffordable mortgage payment Bank of America stuck me with after its supposed ‘modification’ of my loan. ALL of my debt was included in the Chapter 7 filing, including any fees left over after foreclosure.

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– If you’d like to reaffirm your personal liability for a secured debt even after a discharge from Chapter 7 bankruptcy, a reaffirmation agreement is what you need to sign with the lender. reaffirmation agreement is usually executed for secured debts such as mortgage, car loan, RV loan etc.

chapter 7 discharge reaffirm mortgage – Thetexasadvocates – – If you’d like to reaffirm your personal liability for a secured debt even after a discharge from chapter 7 bankruptcy, a reaffirmation agreement is what you need to sign with the lender. reaffirmation agreement is usually executed for secured debts such as mortgage, car loan, RV loan etc.

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What does it mean to reaffirm your mortgage debt after bankruptcy? A reaffirmation agreement is a legal contract that states your promise to repay all or a portion of a debt from which you might have otherwise been released in a bankruptcy case. Reaffirming your mortgage debt means recommitting to the terms of the loan and promising to pay it.

I have attempted to resolve the issue with the mortgage company but haven’t had any luck. Due to other circumstances, I must file Chapter 7. been subject to discharge in your bankruptcy case. You.

 · In a Chapter 7 case, for example, you must choose whether or not to reaffirm the mortgage debt on any property you have. Reaffirming a debt basically means that you will still be obligated for that debt after your Chapter 7 case is discharged. The discharge will not apply to the mortgage debt, and you can simply keep on paying your mortgage like normal.

Congratulations! You have received your bankruptcy discharge at the end of your Chapter 7 or Chapter 13 case. You are anxious to get a fresh start, but what should you do next? . . . Read More: The Bankruptcy Discharge And Beyond: What To Do After Your Bankruptcy