Legal Question in Bankruptcy in Maryland

bankcruptcy my options

we owe more than 560,000 for 1&2 mortgage in debt combine $65,000 and car loans $45,000 and combine income $ 170,000 and I think oour LTV is lower than what we owe. We leave in r house for more than 3yrs and we have both loan from subprime mortgage arm mortgage and 1st mortgage just icrease last Sept. from $3600 ot $4700 and it will be increase in March and I don't know how much. We are not really familiar with mortgage bec. this is our first home we purchased. Now we want to refinance our mortgae and because last year we Feb 30 days late and 90 days in April and we are up to date since then but they will not refinance bec. of reported in our credit report about our late payments last year. However we want to keep our house. I believe we can afford the mortgage payment aslong they will not increase the payment again.


Asked on 1/04/08, 7:37 pm

1 Answer from Attorneys
Brett Weiss Brett Weiss

Re: bankcruptcy my options

I understand your situation. What is your question?

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Answered on 1/04/08, 10:08 pm


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