how do i reaffirm my mortgage after bankruptcy

But he continued to make his mortgage payments, and is still living there. (When you do not reaffirm your mortgage in bankruptcy you can continue to live in your home as long as you make your.

Can I reaffirm my mortgage after the discharge of my bankruptcy, its been five years since the discharge. My bankruptcy was discharged in 2011, we didn’t want to reaffirm the mortgage at that time. We have remained in home paying monthly.

Attorney2020 : You need to send a certified letter to the mortgage company address that is on your mortgage statement and state that you reaffirm this mortgage and acceptance of your mortgage payments confirms your reaffirmation.It would be foolish for the mortgage company to think they can simply accept your mortgage payments but not consider you to have reaffirmed such payments.

what mortgage can i get approved for Article originally published november 1st, 2016. Updated October 26th, 2018. One of the best things you can do to help ensure your best possible shot at getting the home you want is getting a pre-approved mortgage loan. mortgage pre-approval is basically a promise from the lender that you’re qualified to borrow up to a certain amount of money at a specific interest rate, subject to a.

Your bankruptcy discharge extinguishes the promissory note you signed at the time you took out your mortgage. You no longer owe it unless you reaffirm the loan, and you can’t keep the home unless you keep paying on the note even though you’re no longer legally obligated to do so.

We declared bankruptcy. balance owed on your mortgage after foreclosing on the property. I believe there are two reasons lenders don’t actively work with all borrowers to reaffirm a mortgage loan..

Should I Reaffirm My Mortgage Debt After Bankruptcy. – Should I Reaffirm My Mortgage Debt After Bankruptcy?. "Bankruptcy has given you the right to discharge a debt and no longer have to repay it," says Sam Tamkin, a Chicago-based real estate attorney, "If you are reaffirming that debt, you are agreeing to repay it.". If that’s the.

However, if you do pay off your mortgage, you will still receive title to the home. Once the home is paid in full, the home is yours. Whether you reafirm your home loan or not. After you file bankruptcy, you will have to make a choice to reaffirm your mortgage or not to reaffirm. Some homeowners will elect not to do this because they plan to.

Reaffirming a mortgage with your lender in bankruptcy can be tough — and nearly impossible if you’re delinquent.. What happens to mortgage after bankruptcy? Justin Harelik @Westgate_Law .

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