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Bankruptcy Vs other options

Bankruptcy Vs other options

This is a discussion on Bankruptcy Vs other options within the Mortgage Problems and Solutions forums, part of the Mortgage and Loans Forum category; We built a new home. Starting the process over a 18 months ago. We had an offer on our current ...

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11-25-2008, 07:53 AM

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Bankruptcy Vs other options

We built a new home. Starting the process over a 18 months ago. We had an offer on our current home. However prior to closing the buyer backed out. We kept his earnest money but now are stuck with two mortgages. We have not been late on the yet on the payments to our old house but will happen soon. Does anyone know if bankruptcy can be filed on just that mortgage, with endangering our new house? Are there any other suggestions? The interest rate on the old house is pretty high. I called t...

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