Second mortgage lien stripping
On top of the fact that you can take longer to pay back your home mortgages and pay smaller installments, there is another added benefit to filing for Chapter 13 bankruptcy. And this benefit can be rather substantial for certain individuals who are having a tough time dealing with their home mortgage.
In cases where the value of your home is considered to be lesser than a certain amount, you may be able to strip a second home mortgage lien and once you are granted chapter 13 bankruptcy, your debt will now be classified as an unsecured debt. In such cases, a part of the debt or the whole debt itself may be discharged.
If you are faced with home foreclosure, we know how overwhelmed and uncertain you may be about the future. We can help you find the top Arkansas foreclosure lawyer in your neighborhood, city, or county. A legal expert who you can call right away and directly set up an initial free consultation and get this ball rolling in the right direction.
We know this situation is agonizing. Let’s get this behind you.
All you need is to use the interactive map or the local lawyers’ directory search to gain access to a list of legal pros. They have decades of experience and have helped dozens and dozens of people avoid home foreclosure and other financial situations that are totally unappealing.
If you face any issues during the process feel free to fill the free case evaluation form or chat with one of our agents on the live chat forum to set you on the right path. After giving us your contact information we will call you back and help you find the legal professional you need.
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