[river22]

***,

I have a question, I am waiting for Chase to give me an answer on the loan modification. I am now going on 4 months of not paying the payment to Chase. I talked to Chase on monday my rep from executive resolution said that she recieved all my paper work and that I would be hearing somthing soon. I am 2 months behind on my 2nd TD. It is not a bank but with the seller of the property I bought. The seller carried a note on my property. The deal was to refinance the property in 2 years and combine the 1st and second together. Here we are 2 years later and I am not able to do that. My finances have changed for the worst, my credit is ruined and I am doing the best I can. If Chase dosnt modify my loan I will not be able to keep the home. I have tried to keep up with the payments on the 1st and the 2nd for as long as I could but ultimatley I have used up all my resources and I am stuck now. My question is, The seller sent me an email last week and said that if I dont catch up the 2 payments that I am behind then they will start forecloser on the 2nd. I dont have the money to do that and I dont even know if Chase is going to modify the loan. I talked with my attorney and she said that the 2nd cant foreclose unless they pay off the 1st. Im not sure what to do but I need to have both loans modified to be able to keep the home. I have considered filing for B K chapter 13 but from what I understand it caps out at a little over 1 million in secured assets. If that is the case I wont be able to keep the home anyway. I need some help on what I should do. Even if Chase modifies the first I still have the problem with the second.

Thank you ,
river22