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A: It sounds like this is a second mortgage and is recorded at the registry of deeds. This debt would be secured by your property if that is the case. The only way to be able to refinance is to either pay the debt in full or to try to negotiate a lump sum settlement amount and have the lender remove the lien after payment. You may have some options in a chapter 13 bankruptcy. You should definitely consult with a qualified bankruptcy attorney.