Hello and thank you for allowing me the opportunity to assist you.
Question: “My question to you is it possible to keep our home. We haven't missed a payment yet.”
Answer: Yes, based on the facts you shared, you should be able to keep your home. The reason is two-fold: (1) You have negative equity in the home, and (2) You haven’t missed any mortgage payments.
The reason the first factor is important is because there is no reason for the creditor card companies to go after your house since there is no equity. In other words, if they put a lien on your house and foreclosed, the mortgage lender would get paid first and the credit card companies would get anything left over…but in your case there would be nothing left over. So the credit card companies won’t bother to go after your house.
The second factor is important because in order to keep your house, you always have to pay your mortgage, even if you file for bankruptcy protection. Since you have always been current on your mortgage, and assuming you continue to do so, there is no reason for the mortgage company to foreclose.
So, I'm happy to say that based on what you shared, your house should be safe.
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DISCLAIMER: Please understand that the complexities of most legal problems cannot be adequately addressed in this setting, and that I am only licensed to practice law in the state of Maryland. Accordingly, you acknowledge (1) that we have not formed an attorney-client relationship, and (2) that my post is general information only and not specific legal advice.