Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - I filed chapter 7 last year...does that mean my second mortgage is erased? - As in I do not have to pay for it anymore forever? I am keeping the house and up to date paying my first mortgage loan. I do not get bills from my second loan anymore...We recently got our first loan modified...2.5% fixed for 30 years. So we are keeping our house. I just wanna know what is the consequence of our bankruptcy, with us not paying the second loan anymore when we decide to sell the house in the future (maybe 10-20 years from now). Thank you for you time! -