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If you have more than one mortgage on your home and the value of your home is less than what you owe on it under your first mortgage, you may be allowed to "strip" the subordinate mortgage lien in a Chapter 13 bankruptcy. Many homeowners obtained second mortgages in...
If you are being threatened with the foreclosure of your home, it might be time to consider filing for bankruptcy protection. As soon as you file your bankruptcy case, the automatic stay is effective. The stay prohibits any collection activity, including a foreclosure...
If you have more than one mortgage on your home and the value of your home is less than what you owe on it under your first mortgage, you may be allowed to "strip" the subordinate mortgage lien in a Chapter 13 bankruptcy. Many homeowners obtained second mortgages in...