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I would also like you to know that the means test would not be considered by the court if it was asked to dismiss your converted case. The previous answers address what factors the court would review.
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The answer to your question is yes. If you don't pay the second mortgage company, they can file a foreclosure against your home. However, the second mortgage holder will have to pay off the first mortgage in order to complete the foreclosure.
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I suggest you hire an attorney in your state to see if the debt can be settled.
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