to reaff, or not to reaff. that is the question
Your bank has given you the correct information. You filed the b
Your bank has given you the correct information. You filed the bankruptcy alone and did not reaffirm your loan till date. As a result, the lender has reported your account as closed. However, your wife did not file bankruptcy and thus she is responsible for paying off the mortgage in full to the lender. Thus, her account status is updated as open.
Once you reaffirm your account, you will become personally responsible for paying off the loan like your wife. Your account status will be updated as open. If you feel that you will be unable to make the payments on time, then it's better to not reaffirm the account. If you can make the payments, it's better to reaffirm the account and make the payments on time in order to build your credit.
^^ again i don't foresee us not making the payments, but i'd rat
^^ again i don't foresee us not making the payments, but i'd rather sign it to get it back open and st least have something positive be reported since our cars are paid, and all the CC's are closed.
also i'd rather go down with the ship and not screw my wife over if we do in fact have problems.
lets just hope 5/3 complies and gives us a good mod to make it better :)