Under Washington state bankruptcy law a debtor does not have to sign a Reaffirmation Agreement, an agreement made between a creditor and the debtor that waives discharge of a debt that would otherwise be discharged in a pending bankruptcy proceeding. It is a good thing because “reaffirmed” mortgage causes the debtor to remain personally liable for the mortgage debt after bankruptcy, and for any resulting deficiency judgment determined to be due after a foreclosure.
Writer: Justin Mishkin
