Jamie N asked:


Our home had two mortgages. It foreclosed a year ago, but the second mortgage is open. We believe that bankruptcy is the only way out of it but does anyone know any other way out of it? We don’t know any details of how much the first mortgage got for the home and why the second didn’t foreclose. By-the way, the home was in VA.
Thanks for your responses.

Kimberly asked:


Our mortgage is not up for renewal in March but that is when we plan on refinancing our mortgage along with 1 other large debt. Because we will be cleared of bankruptcy in our history in March, we are working hard to better our credit too. What are some of the factors creditors consider when doing a refinancing?

onlyinurdreams85 asked:


My friend is separated. He moved out of the house and told his wife she could have it. His wife is two payments behind on their mortgage. She told him that she is looking into filling bankruptcy. How can he get out of this mess?