Bankruptcy Options with a second and first mortgageI currently am in the process of a chapter 7 bankruptcy due to having two loans. The primary is 97K and the home equity is 55K. The house appraised for 111,000.00 in 2012. My lawyer told me that as long as I am not 90 days late that the mortgage company cannot foreclose. Since there is no equity left in the home, I wondered how smart it would be to simply make the payment for the first mortgage while ignoring the second, knowing the second cannot foreclose since they are junior on the deed.August 04 2013 - High Ridge00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.