Need any advice (urgently). Two years ago my fiance started his own business and it lasted only a year before he was so debt that he was forced to close his doors. The phone calls never stop from the debt collecters and he has no money because of our mortgage payments. Now we have a house that has a lein on it from the business loan. And we know if we could sell the house then he could try to pay off his debt to hopefully avoid bankruptcy. The total of the three mortgages/ lein is upside down by $95,000. Here is his money/debt: Take home-$3200 a month. First mortgage $101,500 @ 6.5%. Interest only loan 95,000 @ 9%. SBA Loan $130,000 @ 9% (considered third mortgage). C/C debt is at $40,000. No Savings & IRA he used it all for the business. Our payment for the 2 mortgages are about $1800, so renting it out isn't an option that high, plus I feel like we'll never own the house if we stay and refinancing isn't an option either because he tried. Can you tell us any options of how to get out of this mess? He is currently not paying on anything except the 2 house payments. How to you sell a house if it has a lein on it? Noone can get a mortgage for $95,0000 over what the house is worth. He might end up filing bankruptcy. Any thoughts?