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    Remove a Second Home Mortgage

    Get a Fresh Start! Let Our Bankruptcy Lawyers Help You.
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    By submitting your request, you grant The Cochran Firm Atlanta Bankruptcy permission to contact you using the phone and/or email address you provided and that we may use an automatic telephone dialing system even if the number you provided is a wireless phone number.

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    Family in front of a houseHome prices and values are at record low levels. Beginning in 2006, home values in America dropped by unprecedented amounts. The drop in value, coupled with increased foreclosures, led to the American housing crisis.

    Even to this day, the national home value decline has left many people owing more on their first mortgage than the home is worth. Where a person has a SECOND MORTGAGE, your Cochran Firm Atlanta Bankruptcy attorney may be able to strip away the SECOND MORTGAGE. There are several factors in determining whether a person can strip a second. The primary factor deals with the home value. If you owe more money on your first mortgage than the home is worth, there is a likelihood that the SECOND MORTGAGE can be stripped thereby rendering the second mortgage as an unsecured debt.

    If your SECOND MORTGAGE lien is stripped away in bankruptcy, you do not have to continue paying the SECOND MORTGAGE payments. If you file for chapter 7 bankruptcy relief, your liability on the second mortgage ceases when you receive your discharge order. If you file for chapter 13 bankruptcy relief, your liability on the second mortgage terminates only after you complete your chapter 13 plan payments. Either way, you receive a tremendous benefit of not having to pay the monthly payments on the second mortgage.

    Your Cochran Firm Atlanta Bankruptcy attorney is well versed on this area of the law. When scheduling your appointment, make certain to provide a copy of any recent appraisal along with the payoffs for your first and second mortgage.

     

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    These fields are present to prevent automated submission systems. If you see it, please do not fill in a value.

    By submitting your request, you grant The Cochran Firm Atlanta Bankruptcy permission to contact you using the phone and/or email address you provided. You agree that we may use an automatic telephone dialing system even if the number you provided is a wireless phone number.

     

     

  • Get a Fresh Start! Let Our Bankruptcy Lawyers Help You.
    - -

    By submitting your request, you grant The Cochran Firm Atlanta Bankruptcy permission to contact you using the phone and/or email address you provided and that we may use an automatic telephone dialing system even if the number you provided is a wireless phone number.

    These fields are present to prevent automated submission systems. If you see it, please do not fill in a value.

     

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    Contact us today for a FREE initial consultation with a bankruptcy attorney!

     

     

     

 

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1-800-THE-FIRM (800-843-3476)