Posted on: 06th Oct, 2010 12:58 am
Hi,
I am filing Chapter 7 next week, my lawyer says right now he thinks I should do a reaffirm on my mortgage but he also said a retain and pay might be a good idea as well if the house is upside down but if I do that I won't be a "customer" and won't be able to do any loan mods etc... I don't have much if any equity in my house but my payments are kinda higher then I want them to be. has anyone had any experience in asking Bank of America for a loan mod after you reaffirm the mortgage? I am current on my house but was behind before if that make a difference.
Also how long after filing can you get a car loan?
I am filing Chapter 7 next week, my lawyer says right now he thinks I should do a reaffirm on my mortgage but he also said a retain and pay might be a good idea as well if the house is upside down but if I do that I won't be a "customer" and won't be able to do any loan mods etc... I don't have much if any equity in my house but my payments are kinda higher then I want them to be. has anyone had any experience in asking Bank of America for a loan mod after you reaffirm the mortgage? I am current on my house but was behind before if that make a difference.
Also how long after filing can you get a car loan?
Hi ChrisPDX!
Welcome to forums!
I don't have a personal experience working with Bank of America. However, after you reaffirm the mortgage, you become personally liable for the mortgage dues. Thus, there are high chances that the lender will be ready to offer you a mortgage modification.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
I don't have a personal experience working with Bank of America. However, after you reaffirm the mortgage, you become personally liable for the mortgage dues. Thus, there are high chances that the lender will be ready to offer you a mortgage modification.
Feel free to ask if you've further queries.
Sussane