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Posted by d dancy on October 11, 2002 at 18:21:51:
Me and My husband filed Bankrupcy in Nov, 02 to prevent a pending foreclosure. Now, I don't know what to do. The 1st mortgage holder is willing to work out a lowered payment for us, but unfortunately the 2nd mortgagee is threatening to foreclose. Can I ask the 1st mortgagee to buy the loan from the 2nd mortgagee and combine 1 payment for us? We can afford one mortgage, but not 2. Husband out of work 10 months, just started new job in June, but we were so far behind in all bills. What are my options? Can I get another house after allowing a foreclosure on my record. Also, we were advised by a lawyer to put the 1st and 2nd mortgage in bankrupcy so we would not show we owed any outstanding money. But that was when we wanted to let the house go. Now we decided to fight to save it. Are we too late?
