Reaffirm mortgage after discharge?

[joeblue]

What is the name of your state? New Hampshire

My bk was disharged and closed on Feb 8, 2006 under the old law.

Everything went relatively smooth. My attorney had always suggested not to reaffirm anything but that it is my decision. I was never sent any letters asking me to do so till today.

Today I received a letter from my attorney with a letter (dated Feb 13, 2006) from my 1st and 2nd mortgage holder's lawyer asking me to reaffirm these two loans. I have never been late on either mortgage and do not plan on ever being late. I do have considerable equity that I hope to receive when I sell this spring.

My question - Should I sign this reaffirmation just so I don't rock the boat or don't sign and keep making my payments till I sell?

Thanks

[seniorjudge]

Originally Posted by joeblue

What is the name of your state? New Hampshire

My bk was disharged and closed on Feb 8, 2006 under the old law.

Everything went relatively smooth. My attorney had always suggested not to reaffirm anything but that it is my decision. I was never sent any letters asking me to do so till today.

Today I received a letter from my attorney with a letter (dated Feb 13, 2006) from my 1st and 2nd mortgage holder's lawyer asking me to reaffirm these two loans. I have never been late on either mortgage and do not plan on ever being late. I do have considerable equity that I hope to receive when I sell this spring.

My question - Should I sign this reaffirmation just so I don't rock the boat or don't sign and keep making my payments till I sell?

Thanks

Q: My question - Should I sign this reaffirmation just so I don't rock the boat or don't sign and keep making my payments till I sell?

A: 100% your call.

[bigun]

Unless you live in a district that requires a formal reaffirmation-just say no. If you have problems down the road and never signed a reaffirmation, you are not liable for any deficiency balance.