Do I have to sign a reaffirmation agreement to keep my house and car even if my payments are current?
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Do I have to sign a reaffirmation agreement to keep my house and car even if my payments are current?
Asked on December 16, 2011 under Bankruptcy Law, California
Answers:
Michael D. Siegel / Siegel & Siegel, P.C.
Answered 12 years ago | Contributor
Absolutely not. There is generally never a reason to formally reaffirm a debt. As long as you pay within terms, you can keep the property. Sometimes, the lender will only let you pay on-line if you have reaffirmed.
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