Need Refinancing advice

[Dawne Morris]

I am currently in a very high interest hard money mortgage that balloons in September 2025. Our house is assessed at 415000 and the mortgage is 269000 and not declining because everything goes to interest, taxes, and insurance, nothing to principal. I got laid off for about two months and everything fell behind (except our mortgage, we've never missed a payment always on time) but our credit scores are horrible. I only have one in the 500's and my husband has none currently. The problem is the longer we go paying this payment the farther behind we get on everything else and the lender isn't reporting the payments to the credit bureaus. I know there probably isn't anything we can do but we've actually considered bankruptcy. Can anyone offer some advice.