Real Estate Reaffirmation
Posted: Thu Jan 30, 2014 4:19 pm
Judges don't need to sign off on those types of reaffirmation agreements.
I generallyadvise my clients against entering intorealproperty reaffirmation agreements. I don't think its problematicfornon-recourse loans (those covered by anti-deficiency laws), but I don't see an upside for the debtorsanyway.
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On Thursday, January 30, 2014 4:01 PM, Larry Webb wrote:
One of my creditor clients was approached by a debtors counsel for a reaffirmation agreement on a real estate first position mortgage. ItConventional wisdom seems to be that the Judges wont sign off on mortgage reaffirmations, any exceptions? Does anyone know Judge NeiterAlso, does anyone go looking for a mortgage reaffirmation? I donBest regards
Larry Webb
State Bar of California 229344
Central District California
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