You still own the house if you have a reverse mortgage, yes.
Then you still owe money to the bank.
If the bank sells the house for more than you owe. First, if you owe any other mortgages they will get paid first. after all of the liens of your property have been paid, the borrower(you) receives the rest. example you owe 100,000 on mortgage 20,000 on equity line the house sells for 150,000 mortgage and equity line get paid off. and you receive the difference of 30,000 dollars
The amount that the bank forgave the difference from what you owed and the house is worth will be issued to you on a 1090 form and you will owe tax on that amount.
can i get aloan to fix my house without taken a second mortgage out
No. You are in debt as much as you still owe on the mortgage.
If it was discharged, then you don't owe it anymore. However, you can't just assume that any particular debt was discharged by the bankruptcy, it has to be specifically listed. In particular, you probably cannot keep your house AND get your second mortgage discharged.
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
In foreclosure proceedings the 1st mortgage gets their money first. Either the 2nd mortgage will have to buy the 1st mortgage entirely and then sell your house or they will have to hope that whoever buys the mortgage at auction, will bid enough to pay them off.
It means when you finish paying off your house it will be worth less than what you bought it for.
Not without the consent of your lender, no. You could sell your house to her, but then your mortgage company would expect to be paid off; you can't sell her your house for less than you owe on it without making up the difference yourself.
If you signed the mortgage you are fully responsible for paying it. If you don't keep up the payments the lender will foreclose and take possession of the property. If your name is on the mortgage your credit will be ruined and you may find that you owe the bank costs associated with the foreclosure. You should consult with an attorney who can review your situation and explain your rights and options.