Legal Question in Real Estate Law in Virginia

home mortgage and line of credit problem

I have 2 mortgages on my house, 1st and 2nd by two different banks, I also have a line of credit from a 3rd bank. I can't afford the payments, I have lost my job 4 months ago, and I am on Unemployment insurance now. the current income (family) is around $2500 a monthh to include Unemployment income. My mortgage is around $5000. I have used the line of credit to pay my expenses and mortgage payments until now, I just maxed out my line of credit as well. I don't know what options are available to me, Now I am begining to tab my credit cards. I can't contiue like this, what option's are available to me.


Asked on 12/09/08, 5:00 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: home mortgage and line of credit problem

Better see a bankruptcy attorney.

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Answered on 12/09/08, 10:38 pm


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