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borborigm · Joined: 10 May 2009 Posts: 4 2.55 Dollars($)

I live in Wisconsin (I don't know if it makes any difference) and I didn't have lawyer when I signed reaffirmation documents with first and second mortgage companies in chapter 7 bankruptcy. I was discharged couple of days ago, but I'm thinking about giving up my house because I owe more then it worth. I didn't went to any reaffirmation hearings, so my questions: are these reaffirmation documents still binding? Will I have to pay difference between what I owe and what my house will be sold for? Thank you.

Niicss · Posted: Wed May 13, 2009 3:05 am Post subject:

Hi borborigm

If you have signed the mortgage documents, then they are binding for you. By signing these documents you have become personally liable for the mortgage again. If you do not pay the dues, the lender will foreclose it and it will effect your credit score. The lender has the right to sue you for the deficient amount.

Thanks.

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I did not have lawer when I signed reaffirmation documents, are they still binding?