@hpmoney505 wrote:
I did hire a lawyer. He had advised me to continue to make the payments but to not reaffirm the mortgage. I am planning on moving in the next few years for a new job and he said that's probably the best case scenario then to just pay but not reaffirm. I am essentially filing because of the 40k. It is across about 15-20 different credit cards and 2 personal loans. With my current income I cannot get ahead of any of it and I've been trying for over a year now. I know the student loans don't get discharged but I can't even afford credit card bills now before I have started paying the student loans back.
Okay, now I see. Your intention is to remain in the house and just keep paying. I misunderstood, thinking that you were going to stop paying the mortgage after discharge and would need to find a new place to live. But instead, your lawyer advised you to just not reaffirm, but instead to keep paying for as long as you want to live in the house. This seems to make sense for you if that is what the lawyer advised.
I didn't understand the reafirmaion process enough. But as I understand it now, since you have the deed, you can sell the house (or refinance) at will and just need to repay the lien that would exist on the house, which I assume will be reduced by each payment you make just as a normal mortgage, even though it has not been reafirmed.
