How will bankruptcy work on a foreclosed (2nd) mortgage?
September 18th, 2012 by Questions
I have a mortgage on a house with very little equity and would like to keep that house and continue to make the mortgage payments. I had another house that I was unable to make the payments on and has since been foreclosed. The house and property were sold but for approx. $40,000 less than what was owing on the mortgage. Will bankruptcy cover that foreclosed mortgage while still allowing me to keep my other mortgage?
Posted from: Nova Scotia