
Why You Did Not Reaffirm Your Mortgage Loan in Bankruptcy
We occasionally get calls from former clients about reaffirming their mortgage loan. A reaffirmation agreement is an agreement made between a creditor and the debtor that waives discharge of a debt that would otherwise be discharged in bankruptcy. In California, there is no reason to reaffirm a mortgage debt which is secured by a first deed of trust on a person’s home. California’s foreclosure law provides that a lender who forecloses a person’s primary home in what is know