Reaffirmation
What do I do if I don’t want my reaffirmation any more? Under the law, you have 60 days to rescind the reaffirmation. When you do this, under the new laws, the creditors can come and take the vehicle or house even if you are current and making your payments. That is why it is important to sign and file reaffirmation agreements on items that you want to keep.
Of course things change, and you may change your mind and find that you can’t afford the house or car payment anymore and need to rescind it. It is possible as long as it is within 60 days of the reaffirmation being filed. You will need to get with your attorney’s office and find out what must be done to make this happen. It is very important that you understand the process and know what can be done to help you when things have changed.
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