I am not sure what type of lawyer we need Bankruptzy or realestate? We are current with or 1st and 2nd mortgage and are quickly falling behind in credit cards and car payment. What type of lawyer do I need i would like to get rid of the 2nd the bank does not want to lower the rate from 9%. Our first is conventional @6.25%. We both have businesses that generate 70-80k total net income now but it seems too late. I was also out of work for 1 year and depleted savings and credit cards.
You definitely need to go and talk to a bankruptcy attorney. Depending on the value of the property and the total amount of the mortgages, part of the second mortgage may be able to be reduced.
Find a local bankruptcy attorney you like and then go and chat about your situation for free.