chapter 7 & mortgage
This is typical during a bankruptcy stay....dont get worried. Y
This is typical during a bankruptcy stay....dont get worried. You can still send in your payments thru the mail. Your attorney will confirm this
wow!!! Thank you very much , I was worried ! can i ask another q
wow!!! Thank you very much , I was worried ! can i ask another question . I loked over bk paperwork and it states the we intend to keep property we live in but i read earlier that you cant reaffirm mortage that is in bk. how does this work.
There is absolutely no need to "reaffirm" a mortgage. In fact,
There is absolutely no need to "reaffirm" a mortgage. In fact, doing so is a very bad idea. Just keep making your monthly payments.
Quote:Originally Posted by despritfreyaThere is absolutely no ne
Quote:
Originally Posted by despritfreya There is absolutely no need to "reaffirm" a mortgage. In fact, doing so is a very bad idea. Just keep making your monthly payments. |
im still not sold on that. if you have steady income, why not reaff it and let it help your credit that was just tanked by the bk. if you don't reaff it it will not show up on your credit report as being paid.
Quote:Originally Posted by blackbeasstim still not sold on that.
Quote:
Originally Posted by blackbeasst im still not sold on that. if you have steady income, why not reaff it and let it help your credit that was just tanked by the bk. if you don't reaff it it will not show up on your credit report as being paid. |
Do a search on this topic at www. bkforum. com (no spaces) and you will find out why. I even think one of the members "blogged" my last essay on this topic.
Des.
I am new to this forum and am preparing for filing for Chap 7. I
I am new to this forum and am preparing for filing for Chap 7. I have a vehicle and it's worth $10,000 (and it's paid in full). I live in AZ and have spoken to two BR attorneys. They both say that I am only allowed to keep a vehicle worth $5000 or less. I told them I would like to keep it - so they said that I had to have a secured lien against it for about $5200. To do this I could either have my parent's do it and or a title agency (these scare me to death!). This sounds a little underhanded to me. Is it true if my parents give me $5200 and we have the paper work done up, a security agreement and promisary note, then I can keep my vehicle? (and YES, I will be paying them back for it in interest!)
Quote:Originally Posted by despritfreyaDo a search on this topic
Quote:
Originally Posted by despritfreya Do a search on this topic at www. bkforum. com (no spaces) and you will find out why. I even think one of the members "blogged" my last essay on this topic. Des. |
nah don't want to register at another forum. why not copy and paste on here for us to see?