Chapter 13 lien stripping is a process where homeowners can eliminate a 2nd or 3rd lien such as a Home Equity Line of Credit. If the value of the home is lower than the amount that is owed for the 1st mortgage, it is possible that a 2nd or 3rd mortgage can be eliminated. […]
chapter 13 lien stripping
Second Mortgage Lien Stripping With Chapter 13 Bankruptcy
Lien stripping simply refers to a process within a Chapter 13 bankruptcy that allows individuals who are upside down on their loans to get rid of any junior liens, such as second or third mortgages. “Upside down” means that the value of the home has dropped below the amount of the owed for the first […]
How to Get Rid of Second Mortgage?
You can get rid of the second mortgage lien by file a Chapter 13 bankruptcy. For more information about how to get rid of second mortgage call us.
