What is the common procedure to re-affirming a mortgage after bankruptcy

Question

My mortgage was sold to a new company after my chapter 7 bankruptcy and I am now trying to re-affirm my mortgage and keep my home. My new Mortgage holder Midland Mortgage has requested attorney fees and title search fees be wired to them from my bank. Is this common practice?

Answer 1

First of all, I'm not an attorney, so you'll want to verify what I'm telling you here with your attorney (if they'll return your phone call... if you've already gotten a discharge- GOOD LUCK on that one!).

'When you say "after my chapter 7 bankruptcy," you don't say whether you mean after it was filed, or after it was discharged.

Either way, you've already chosen whether or not to re-affirm.

Check your petition.

Watch this quick video and I'll show you where to look:

http://screencast.com/t/ixn4Sncjv

If you haven't gotten your discharge yet, I would be very careful before I changed the petition to re-affirm.

If you've already gotten a discharge, why would you want to bother with re-opening the case.

In the majority of cases that I've worked with, we've been able to get the workout without re-affirming.

But of course, they're not going to give you any hints on how to get the best results for YOU... so I guess I'm wondering what else they're not telling you, and if you're really getting the best results with this workout.