Hi - my name is XXXXX XXXXX X'X a Bankruptcy attorney here to assist you.
1) Have you lived in Washington state continuously for the past 2 years?
2) What is the current market value of your home?
3) What is the balance on the mortgage?
there is a first and a second 1st 153,000 2nd 65,000
Thank you for your responses.
Given the information you provided, you would be able to keep your home if you file a Bankruptcy - if, and only if, you continue to pay the mortgages.
A Bankruptcy cannot modify mortgage payments.
both mortgages are behind though
However, if you file a Chapter 13 Bankruptcy instead of a Chapter 7, you will be able to have the entire balance of the second mortgage discharged at the end of the Chapter 13.
So that you will only have to pay the first mortgage to keep your home.
Are you able to pay the first mortgage only?
we could for sure pay the first only
they are both with the same company does that matter
Then you should consider filing a Chapter 13.
No - it does not matter that both mortgages are from the same company.
great thank you so much I appreciate it
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