You need to see an attorney.
No one can take your home. But if you want to try to modify the terms, there is a good program in chapter 13 to get the mortgage company at the table to mediate.
If you owe more on the car than it is worth, then no one will take that either. You keep making the car payment.
But you need to talk to an attorney and make sure your assets are protected.
I handle cases in your area.Ask a similar question
You may not qualify for a loan modification if you have too much debt, but don't have unrealistic expectations for a loan modification even if you do qualify. A loan modification is only a short term solution, & typically, lasts no more than 5 years. Don't expect the mortgage company to reduce your principal balance unless you can prove that the loan was handled in an unlawful way.
If saving your home is important to you, get in to see a local bankruptcy attorney right away. It will be the best money you have ever spent. Hope this perspective helps!Ask a similar question