Reaffirmed & Not-reaffirmed

This is in reference to a mortgage lien that’s part of a bankruptcy. If the lien is reaffirmed that means the borrower acknowledges the responsibility for the debt, and the lender can pursue the homeowner in the event of a default. If the borrower does not reaffirm the lien, then the lender can only go after the property, and not the individual, in the event of a default.