My question involves a foreclosure in the State of: Florida
My question involves bankruptcy in the state of: Florida
Hi Everyone...
Chapter 7 Discharge on January 2011.
1st and 2nd Mortgage (Primary Residence) not reaffirmed. Banks never send any Paper to sign. 1st Mortgage underwater for $ 33,000 Show open on credit report never miss a payment. 2nd Totally underwater and unsecured show Closed on credit report, never miss a payment; Both Mortgage current until today. 1st Mortgage current and 2nd I will miss the first payment this month, and try to make a settlement around August for 5%. I do not want lose the house. What do you think about this movement to negotiate lien on 2nd mortgage? Do you think 2nd mortgage lender will start a Foreclosure Process in this scenario? Can I try to negotiate by myself or I will need a Settlement/Mitigation agency to do that? What are my options here to keep the house and eliminate the second mortgage. Thanks
Sorry I forgot:
Home Value: Zillow, Century 21, Remax.
Low $ 99.000 - High $ 110,000
1st Mortgage Balance: $ 138,000
2nd Mortgage Balance: $ 54,500
Thanks

