My question involves bankruptcy in the state of: New Hampshire
we were deischarged in 2010 and did not reaffirm and kept paying mortgage. now we are having difficulties. we applied for hamp and were not aproved for we did not meet the 36% line on the first mortgage. they dont consider the seconds amount and they rely on gross not takehome. Well the first wants to have me sign a modification with no change in rate or term just adding the taxes and 2 months behind onto the Principal but what if the second comes around to foreclose after we have signed this new agreement. the PBO (brokers opinion) came in low. So We have a 60,000 defieciency more than my second amount. Is ther anyway to settle or totally disolve my second.
I am worried they will try to foreclose. How can they if you are active on first. Please help me know the law on seconds and modifications after bankruptcy 7