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Guest

I had a first mtg for 200k, a 2nd for 50k... was behind and did a mod, They sold off my 2nd to RealTime solutions, 50k put all my past due House notes, property taxes in the refinance.. Now my first shows 250k.. I'm now current over a year now on my first.. BUT realtime said they are the 2nd.. This loan is 100% outside the value of my home, Can I file Bankruptcy on the 2nd? Is the 2nd unsecured due to the fact it is over the property value? They use to mail and call a lot, but not much anymore. They even sent me a settlement offer of half, any info would help..thanks.

jameshogg · Posted: Sun Jan 08, 2012 9:40 pm Post subject:

Hi Guest,

You can contact your bankruptcy attorney and discuss your chances of filing bankruptcy for the second mortgage. As far as I can understand, you will be able to file bankruptcy for the same. It will help you in getting a discharge from that debt.

Thanks

sabrinatoss · Posted: Mon Jan 09, 2012 2:03 am Post subject: Bankruptcy

Hello desperate,

The debtor files a budget with the court, and agrees to make partial payment (less than 100%) of obligations owed to creditors over a three- to five-year period, normally within three years.

Idea

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