My input on a second
I have a second mortgage and it is approximately $69,000... first is approximately $196,000... I was able to get a temporary modification on my second but my first wouldn't help me because of too much debt. Now, that modification was the easiest thing I did since I decided to file bankruptcy (chapter 7 in December 09). I was told by 3 lawyers to be current with both mortgages if you want to keep your home with the 7 filing. I'm hoping that after I am discharged I can offer a settlement on the second too. My only concern is is it considered fraud if you keep up with the payments on the second until you are discharged and then stop payments? That modification has helped me out by cutting my payments on the second in half!!! I only wish it were a permanent one. It is only a year modification. Would I get further with them if I don't make the payments??? I really don't want to blow my chances of filing if this would be considered fraud.
I have a second mortgage and it is approximately $69,000... first is approximately $196,000... I was able to get a temporary modification on my second but my first wouldn't help me because of too much debt. Now, that modification was the easiest thing I did since I decided to file bankruptcy (chapter 7 in December 09). I was told by 3 lawyers to be current with both mortgages if you want to keep your home with the 7 filing. I'm hoping that after I am discharged I can offer a settlement on the second too. My only concern is is it considered fraud if you keep up with the payments on the second until you are discharged and then stop payments? That modification has helped me out by cutting my payments on the second in half!!! I only wish it were a permanent one. It is only a year modification. Would I get further with them if I don't make the payments??? I really don't want to blow my chances of filing if this would be considered fraud.
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