Q: I know little about this. If I file for bankruptcy and want to keep my house; can I keep my mortgage obligations?
A:
The creditor may require you to sign a reaffirmation agreement.
Reaffirmation Agreements:
1. If you fail to keep up with payments and there is repo or foreclosure, you are stuck with any deficiency.
2. Timely payments may help build your credit.
1 user found this answer helpful
A: There are many nuances as to whether or not you can/should keep your house, and the amount that you owe on the house compared to its value also play into the bankruptcy equation, but the simple answer to this is that if you are keeping your house, you'd continue to pay the mortgage as usual.
1 user found this answer helpful
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