Colli Real Estate

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

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?

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.

Should I Stop Making My Mortgage Payments?

Midland $25.5 Midland

The Wonderful Decorative Coats of Arms of the Midland Railway Company $44.99 The Wonderful Decorative Coats of Arms of the Midland Railway Company – Giclee Print

Mind Your Own Mortgage: The Wise Home Owner’s Guide to Choosing, Managing, and Paying Off Your Mortgage $3.95 This Is the Book Lenders DON’T Want You to Read. EMPOWERING HOMEOWNERS TO SHOP, MANAGE, AND ELIMINATE MORTGAGE DEBT A mortgage is simply a pile of money. So why the complexity? Because the mortgage industry makes it that way. And the industry enslaves homeowners to mortgage debt. "Mind Your Own Mortgage" changes the game by revealing inside information previously used against you. Now you are in charge: Shop with confidence-an exclusive, automated system helps you find the best price-it’s as easy as buying a gallon of gas Identify slick sales gimmicks and lender manipulation Refinance only when it make sense for you-not for the mortgage company Eliminate your mortgage in record time-so your retirement years include retirement AVOID HOUSING MELTDOWN #2 Despite the collapse, today’s system invites you to make the same mistakes all over again. Steer clear-only a sound mortgage will build a strong household economy. And a strong household economy is good for America, too. Stocked with compelling real-life scenarios, budgeting tips, and powerful financial tools, "Mind Your Own Mortgage" is a timely wake-up call for homeowners and a candid decree that the American dream is still possible-if we dramatically rethink the way we finance our homes. IT’S TIME FOR A CHANGE. IT’S TIME TO MIND YOUR OWN MORTGAGE. "Whether you’re getting a new mortgage, refinancing an old one, or dealing with the mortgage you have already, you won’t find a better mortgage coach than my friend, Rob Bernabe." -Mary Hunt, personal finance expert, best-selling author, and CEO of Debt-Proof Living "Finally, consumers have what they need to hold any mortgage provider accountable." -R. Jarret Lilien, founder and managing partner of Bendigo Partners and former president and COO of E*Trade Financial

My Company $20.13 My Company

Tags: No Comments