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snapple candy · 06-12-2009, 08:58 AM

Pb,
I have never reaffirmed after BK and doing a modification so I am not so sure about how accurate that info. I would be careful as to what is legal and illegal per those bk blogs. This is why I strongly suggest one on one with BK attorney to go over all these details. I ask myself the same thing. Why keep a house with 100K negative equity? I understand lowered payments for 5 years only (in general). Outside chance of principal forbearance. I see 7-10 years before break even. In the end is it worth it when you pencil it all out? Tough decision. trying to separate emotional from logical.

06-12-2009, 08:58 AM	#69 (permalink)
snapple candy Senior Member Join Date: Feb 2009 Posts: 1,313 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: WaMu/Chase Mod Moving Forward Pb, I have never reaffirmed after BK and doing a modification so I am not so sure about how accurate that info. I would be careful as to what is legal and illegal per those bk blogs. This is why I strongly suggest one on one with BK attorney to go over all these details. I ask myself the same thing. Why keep a house with 100K negative equity? I understand lowered payments for 5 years only (in general). Outside chance of principal forbearance. I see 7-10 years before break even. In the end is it worth it when you pencil it all out? Tough decision. trying to separate emotional from logical.