QUESTION
If I default, can they sue me and even garnish my wages?
Asked on Jun 29th, 2017 on Bankruptcy - Ohio
More details to this question:
I have been reading about this and it scares me to commit to a reaffirmation. I filed chapter 7 and did not reaffirm my loan. I was trying to refinance but lender said that I have to reaffirm the loan with them.
3 ANSWERS
1 Award
The lender is lying. You don't have the reaffirm mortgage. Keep paying and you can keep the home. That particular bank might not refinance or modify your loan, but you can go to another bank if you want to refinance. Also, you can not force a bank to reaffirm a mortgage with you AND you cannot reaffirm any loan after the bankruptcy is discharged.
Answered on Sep 18th, 2017 at 8:01 PM
Need to review the papers. Otherwise, all advice is a guess.
Answered on Sep 18th, 2017 at 8:01 PM
Commercial & Bankruptcy Law Attorney serving Powell, OH
at
Ronald K. Nims
Update Your Profile
You cannot reaffirm a loan after your bankruptcy case is closed. You can refinance but only with a different lender.
Answered on Sep 17th, 2017 at 7:14 PM