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Wells Fargo is not allowing debtors who did not
Doesnt it make you nervous to sign off on a clients reaffirmation agreement
for a mortgage?
On Jun 18, 2013 4:59 PM, "Frank W. Molloy" wrote:
> **
>
>
> I am confused here, Did Wells send her a reaffirmation agreement which
> she declined to sign? If so, and this was a purchase money mortgage, what
> is her downside in re-affirming. No personal liability anyway isn't that
> correct? And the one action rule also protects her if it is a first
> mortgage. Perhaps Debtors should consider re-affirming....
>
>
Doesnt it make you nervous to sign off on a clients reaffirmation agreement for a mortgage?
On Jun 18, 2013 4:59 PM, "Frank W. Molloy" <Frank1014@aol.com> wrote:
I am confused here, Did Wellssend her a reaffirmation agreement which she declined to sign? If so, and this was a purchase money mortgage, what is her downside in re-affirming. No personalliability anyway isn't that correct? And the one action rule also protects her if it is a first mortgage. Perhaps Debtors should consider re-affirming....
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But the Judge need not approve it if the attorney signs it and it simply
gets filed. I got a motion to reopen a discharged 7 granted today - though
the Judge took many days to enter it.
Giovanni Orantes, Esq.
Certified Bankruptcy Specialist*
Orantes Law Firm, P.C.
3435 Wilshire Blvd. Suite 2920
Los Angeles, CA 90010
Tel: (213) 389-4362
Fax: (877) 789-5776
e-mail: go@gobklaw.com
website: www.gobklaw.com
*Board Certified - Business Bankruptcy Law - American Board of Certification
*Board Certified - Consumer Bankruptcy Law - American Board of Certification
But the Judge need not approve it if the attorney signs it and it simply gets filed. I got a motion to reopen a discharged 7 granted today - though the Judge took many days to enter it.
--
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body{font-family: Geneva,Arial,Helvetica,sans-serif;font-size:9pt;background-color: #ffffff;color: black;}Yes. They are also taking the position that unless the mortgage was reaffirmed with them, they will not allow a loan modification.-----Original Message-----
Sent: Jun 18, 2013 9:45 AM
To: "cdcbaa@yahoogroups.com"
Subject: [cdcbaa] Wells Fargo is not allowing debtors who did not reaffirm their mortage loans to obtain financing
I have a former client who received a discharge in 2009. She did not reaffirm her home loan with Bank of America, but made all of the payments on time. She has now bought a new home and applied for financing with Wells Fargo. Wells is refusing to give her the loan. The stated reason is, according to her, that she did not reaffirm her loan with Bank of America in the bankruptcy. Its not her score. Its not the bankruptcy. She has provided her on time payment history to Wells. I told her to tell Wells Fargo bye bye and go to another lender. Anyone else have any similar experiences? Steve Burton
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