house worth less than mortgage

I Am Way Upside Down in My House And I Have a Relative That Wants to Help Payoff My Credit Cards. – Paul

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“Dear Steve, My California house is upside down and I have lost my job and almost out of savings. I have $160K on my first mortgage and $320 on my second. The house is only worth about $350. The payment on the 1st is $1200 but the second is $2800 and killing me. I can …

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I’m Headed Towards Divorce in a House That is Upside Down. – Patrick

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Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question.