If your home has lost value during the housing market downturn and you have more than one mortgage, you have options. In some instances, it may be possible to strip your second mortgage. It is possible to eliminate your second mortgage or equity line of credit and never have to pay it back. You do not even need to be behind on your mortgages to qualify. You may need another independent reason to file, such as unsecured debt.
To find out if you are eligible to strip off your second mortgage, call us now. Call 256-534-3435. We can help.
In order to get a second mortgage stripped from your property successfully, you must file a Chapter 13 or Chapter 7 bankruptcy. Stripping off the second mortgage may help make the property more affordable. We can assess your financial situation and let you know if removing your lien is an option for you.
Call us now to determine if you are eligible for the lien removal process. Call us at 256-534-3435. We want to help.