Bankruptcy
Strip Your Second Home Loan
14/08/10 20:08
Stripping Your Second and/or Third Home Loan in Chapter 13
Chapter 13 Bankruptcy can remove the second mortgage and even a third mortgage off your home. In a Chapter 13 bankruptcy, section 506(a) allows your second mortgage to be stripped off your home and be treated as unsecured debt, provided the value of your home is at or below the outstanding balance on your first mortgage. Read More...
Chapter 13 Bankruptcy can remove the second mortgage and even a third mortgage off your home. In a Chapter 13 bankruptcy, section 506(a) allows your second mortgage to be stripped off your home and be treated as unsecured debt, provided the value of your home is at or below the outstanding balance on your first mortgage. Read More...