The good news for homeowners is that second mortgage liens can be eliminated witch Chapter 13 bankruptcy in a process known as lien stripping. A Second mortgage lien is usually a home equity loan that originated after the primary mortgage on the property. The rule that allows a lien to be stripped is that there is no equity that secures the lien in whole or in part. What that means is that they 2nd lien must be unsecured. The borrower must prove that the value of the home is less than the … [Read more...] about Can Bankruptcy Get Rid Of a Second Mortgage Lien?