should I go bankrupt?

Bankrupptcy might be a good slution for you. However, due to all the details and the apparent equity that you have in it, you meed to proceed carefully. Depending on your household size and income, you might not be able to file Chapter 7. If not, Chapter 13 might give you major relief. Not being able to refinance might have been a blessing in disguise, because then you would have taken unsecured, dischargeable debt and made it secured by your home.

You need to speak to a knowledgable bankruptcy attorney in your lcal area. The National Association of Consumer Advocates (NACA) is a non-profit consumer advocacy organization. NACA maintains a web site at www.naca.net where it lists geographically consumer law attorneys all over the US. If you don't already have an attorney, please look there for someone in your area who specializes in consumer bankrutpcy to review the details with you and advise you.

Looking over my response, I see I have a broken keyboard. I do know how to spell.... I am including my response below with the errors corrected:

Bankruptcy might be a good solution for you. However, due to all the details and the apparent equity that you have in it, you need to proceed carefully. Depending on your household size and income, you might not be able to file Chapter 7. If not, Chapter 13 might give you major relief. Not being able to refinance might have been a blessing in disguise, because then you would have taken unsecured, dischargeable debt and made it secured by your home.

You need to speak to a knowledgeable bankruptcy attorney in your local area. The National Association of Consumer Advocates (NACA) is a non-profit consumer advocacy organization. NACA maintains a web site at www.naca.net where it lists geographically consumer law attorneys all over the US. If you don't already have an attorney, please look there for someone in your area who specializes in consumer bankruptcy to review the details with you and advise you.

My best advice to you is to seek the advise of a competent bankruptcy lawyer. Most bankruptcy lawyers such as myself offer a first visit free consultation. Make sure that you select an attorney that has been practicing law for a considerable period of time and who's emphasis is on bankruptcy law. When you call to make an appointment be sure to find out what documents you should bring to your meeting in order to get the maximum benefit from your free consultation.