Should I stop paying on my 2nd mortgage?

[dpr88]

Hi.....Need a little clarification regarding post BK 7 existing mortgages... We have a first and 2nd mortgage of which both were discharged in the BK about 1 year ago. As of now, we are current with both mortgages and are underwater by about 70K (first is $380K second is $170K, total of $450 and it is worth about $380) I have been reading that people are not paying on the second mortgage and there are no issues with that as far as the 2nd foreclosing on the home, etc...
Is this true? Should I stop paying on the 2nd?
Thanks...

[keepsmiling]

Many people here have stopped paying the 2nd and worked out a settlement with them of 5-10%. Keep reading and you will see.

[Ann]

I have been discharged almost a year. I quit paying on my second right after the 341 meeting. I have tried twice to settle with my second mortgage company and it has been a complete headache. I have heard settling is easier with some banks and not so much with others. I will tell you that PNC Bank is the absolute WORST!!!!