Well we have been looking at more options before embarking on the bankruptcy journey, yesterday I called both of the banks that we have the loans with bank A we have 400k on it, bank B a line of credit with 220k, Bank A has requested that I send xx amount of documentation with a letter and that chances are that they will lower the interest rate on the loan currently at 6.70%, re appraised the house and set the loan based on the current value of it, Bank B pretty much say, so sad too bad.
My question is, it is true that bank A can do this with our loan ? and what happens if I tell bank B screw you ! I assume they can put a lien against the house ?
My question is, it is true that bank A can do this with our loan ? and what happens if I tell bank B screw you ! I assume they can put a lien against the house ?