Posted on: 12th Sep, 2009 02:55 pm
I have files chapter7 and incuded my mortgage . I been dischaged from my banrkrupcy. My mortgage and taxes are current . I am in the process of a loan modification. However, do I need to reaffirm this debt? Where or how do I get this paperwork . The people doing this modificattion said the lender is unaware of the bankrupcy. This has not been assigned to a negotiator .What should I do ?
check this out
http://www.mortgagefit.com/bankruptcy/chapter7.html
http://www.mortgagefit.com/bankruptcy/chapter7.html
Hi diannamarrone,
Lenders generally do not go for a loan modification after bankruptcy if you haven't reaffirmed the loan. Reaffirmation of the loan is done when you are in bankruptcy. As your bankruptcy has been discharged, you will have to reopen the case and apply for a reaffirmation of the loan. You need to contact your bankruptcy attorney and take the required steps.
Lenders generally do not go for a loan modification after bankruptcy if you haven't reaffirmed the loan. Reaffirmation of the loan is done when you are in bankruptcy. As your bankruptcy has been discharged, you will have to reopen the case and apply for a reaffirmation of the loan. You need to contact your bankruptcy attorney and take the required steps.