I recently had to file bankruptcy and my attorney failed to file the reaffirmation paperwork with the court?
Monday, July 27th, 2009 at
12:13 am
bobbalooee asked:
The mortgage is in good standing but its not reporting to the credit agencies. If I have proof of payments to the mortgage company is it necessary to try and get added to the credit reports by reopening the case and filing the reaffirmation? My credit is already shot for 7-10 years because of the BK.
The payments you make on your mortgage post bankruptcy are ones you want to show up on your credit report because they show you have been paying on time since the bankruptcy. The reaffirmation agreement merely gives the mortgage holder permission to treat the mortgage loan as a still valid obligation.
In essence, when you sign the reaffirmation agreement you are reaffirrming your obligation to pay that debt and acknowledging that it is not one of the debts that was to be discharged in the bankruptcy. A creditor will often require you to sign this document if you want to keep your house while filing for bankruptcy.
The mortgage holder’s attorney, in my opinion, did not serve their client well when they did not make sure that you had signed this document.