Sentences with phrase «see reaffirmation agreements»
We see reaffirmation agreements all the time.
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The reason that we tend not to see reaffirmation agreements on home mortgages has to do with Minnesota's status as a non-recourse state.
So there's no good reason to sign a reaffirmation agreement on a first mortgage, and as a practical matter a bankruptcy debtor with a first mortgage will usually not see a reaffirmation agreement proposed.