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Hi, thanks for your question. You should hire a lawyer for specific legal advice. No attorney client relationship is created here.
Are you the debtor in this case? If so, you or your husband should appear to demonstrate that the mortgage payment is affordable. bring proof of all household income to support your ability to make the monthly payment along with all of your other expenses listed on schedule J. Judges want to be sure you aren't getting back in over your head when you cannot afford payments, they don't want to keep you on the hook if you can't afford it.
Your attorney can explain the process. It's fairly short meeting, just looking out for you!
Let me know if you have any other questions.
Ok, if the judge thinks we will not be able to afford the mortgage what will happen? We haven't missed any payments. Can the judge makes us sell the house? I'm not sure what to expect if he denies us.
sorry , i had stepped away
It is a #s game. If you can show that you can afford the monthly bills and the mortgage, then they will grant the reaffirmation.
if not, then it will be denied.
You can still make payments, most lenders will accept them, and you can keep the property
You won't get 'credit' on your credit report for making timely payments, but the lender will reduce the balance as you pay.
You can always refinance down the line
Any further questions?
So basically, PNC just doesn't want to report it to the credit reporting agencies if they don't have too.
That's really all it amounts too. What a waste of time. Ugh
They will if the court approves the reaffirmation
By law, they cannot without a reaffirmation
So, talk to your lawyer, bring all proof of income so that the court can see it is affordable, and they will let you reaffirm if your budget supports it
if you do, just let me know. if not, click accept and rate my answer please. thanks
Good luck at the hearing
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