My question involves bankruptcy in the state of: OHIO
Our chapt 7 was discharged Dec 08. We were going to let Bank have our condo since we had FHA on 1st mortgage and 2nd mortg was with a company that the 1st mortgage owned.
We are thinking of doing loan modification with bank and they are saying we only have one mortgage, there is no second. Was the 2nd wiped out?
1st mort balance was $80,000, second was 38,000. Value of condo is 70,000.
We had to file chapt 7 because of my husband's business. I am still working and thinking of keeping condo. If the bank does the modification obviously the 2nd is gone?
Condo hasn't gone to foreclosure yet... we owe over $5,000 on back loan payments.
thanks for your help![]()

