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In Chapter 7 Bankruptcy, Reaffirm My Mortgage?

After you file Chapter 7 bankruptcy, you may be asked to reaffirm your mortgage. Asked by who?  Why, the mortgage company, of course. Here in Michigan, most homes with mortgages are underwater, worth less than what is owed on them. So, you file Chapter 7 bankruptcy, your house is worth $100,000, and you owe $#120,000…

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