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Post Posted: Thu Nov 05, 2009 9:54 pm    Post subject: house
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Sad didn't reaffirm want to know if the lender will lower our monthly payments or should we just let them foreclose
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Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Fri Nov 06, 2009 2:37 am    Post subject:
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As you did not reaffirm the debts, you would not be personally liable for the debts. In such a situation, the lender would not lower your monthly payments. If you cannot afford paying the loan, then it's better to let the lender foreclose the property.
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