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can,t pay 2nd mortage

Posted on: 13th Jun, 2010 11:21 am
I am retired and live in Florida. I have lost all my401k plan & retirement money in bad investments.
All I have coming in is my Soc. Sec. and a pension.It is just about enough to pay the 1st mortage.
I have been trying to sell my house but it will not sell.
I owe a substantial amount of money ro credits cards,& have not made a credit card payment payment for about a year.My second mortage is with a different lender then the first. I have not payed my second mortage in 3 months.Can you tell me if the 2nd lender can foreclose,or what they can do. I am thinking about filing for bankrupt. what can I do?
Hi collier,

I've given my suggestions in regards to your query at :
http://www.mortgagefit.com/second/mtg-chargeoff-13.html#168657 (check out my last post)

Take a look at it. Hope it helps you.
Posted on: 13th Jun, 2010 11:09 pm
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