Reaffirmation Agreement

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Reaffirmation Agreement Attorney In Ocean Springs, Mississippi

Understanding Reaffirmation Agreements

When you obtain a loan, you sign a contract that states the terms of repayment. If you default on a loan, the creditor can seek to collect the outstanding balance by any legal means available. If you are struggling to make payments, you may be able to avoid foreclosure or repossession by entering into a reaffirmation agreement with your creditor.


At Sheehan & Ramsey, we can help you understand your options and make informed decisions. We have more than 50 years of experience helping clients resolve their various financial matters.


We can review your reaffirmation agreement and help you determine if it is in your best interest to:


  • Accept the creditor's offer
  • Negotiate changes to the agreement
  • Or, reject the offer and fight foreclosure


Once you have decided which option is best for you, we can draft a reaffirmation agreement that meets your needs. We will make sure you know what you are signing, and we will help you protect your interests.

When you need debt relief, contact Sheehan & Ramsey for a bankruptcy lawyer near you. Call 228-400-7075 today for help finding the right bankruptcy options during a FREE consultation.

How Can Reaffirmation Agreements Help Me?

A reaffirmation agreement is a contract between you and your creditor. It allows you to reaffirm your debt, which means you agree to continue making payments on the loan as agreed.


If you are seeking to reaffirm a debt, you should consider the following:


  • You can only reaffirm consumer debt
  • You cannot reaffirm a second mortgage
  • You cannot reaffirm a car loan if you are behind on payments
  • You cannot reaffirm a loan that has been charged off
  • You cannot reaffirm a loan secured by property that has been foreclosed on


Once you reaffirm the loan, you will be agreeing to make payments for a specific period of time. This can be anywhere from six months to five years. If you are able to make all payments on time, you can discharge the debt at the end of the period. If you are unable to make payments, the creditor can seek to collect the debt through other means.

what to do if you can't afford you mortgage?

If you are having trouble making your mortgage payments, you may be wondering what you can do. You may be able to take advantage of the federal government's Home Affordable Modification Program (HAMP). This program is designed to help you avoid foreclosure by reducing your monthly payment to a more manageable level.


If you are unable to qualify for HAMP, you may be able to avoid foreclosure by reaffirming your mortgage. This means you agree to continue making your current payments for a specified period of time. If you are able to make all payments on time, you can discharge the debt at the end of the period. If you are unable to make payments, the creditor can seek to collect the debt through other means.


Contact Our Ocean Springs Reaffirmation Agreement Attorney

If you are behind on your mortgage payments, you may be considering reaffirming your mortgage. To determine if this is right for you, you should consult with an experienced bankruptcy attorney. Sheehan & Ramsey can help you review any reaffirmation agreement and advise you on how to move forward.


If you are facing foreclosure or repossession, we can also help you explore other options. These may include a loan modification, a deed in lieu of foreclosure, or bankruptcy. We are here to help you protect your assets and your future.


If you are interested in reaffirming your mortgage, contact Sheehan & Ramsey online or call us at 228-400-7075for a free consultation. We have offices in Biloxi, Gulfport, and Pine Beach.

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Disclaimer: We are a debt relief agency. We are attorneys who help people file for bankruptcy relief under the bankruptcy code.

Have Questions?

Call Sheehan & Ramsey at 228-400-7075 today to speak to an attorney.

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