It may work differently in other states, but here in Massachusetts people do not tend to reaffirm mortgages in Chapter 7 bankruptcy. First of all, reaffirmation only exists in Chapter 7. It does not exist in Chapter 13 or 11. Reaffirmation is a voluntary procedure that can happen within a Chapter 7 case in...
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Bankruptcy, Commercial, and Consumer Law Topics in and around Massachusetts
Ortiz & O’Donnell
Attorney
Nicholas F. Ortiz
306 Dartmouth Street
Boston, MA 02116
Phone: 617-716-0282
Email: attorney@bkmass.com
Mortgages
Should I Reaffirm my Mortgage in Bankruptcy?
Can a Second Mortgage Foreclose on my Home?
In theory, the answer is, yes. A junior mortgage, such as a HELOC or other second or third mortgage, can foreclose in Massachusetts. There are additional procedures for the foreclosure of junior (second, third, etc.) mortgages that are different than those for first mortgage holders. However, in this economy, many junior mortgages are partially...
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