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How do I get the 2nd mortgage lien stripped?

asked Jan 11 '11 at 00:53

rhd's gravatar image

rhd ♦♦
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If your property value has fallen below how much is owed on the first mortgage, the 2nd mortgage lien may be stripped in a Chapter 13 reorganization case. 2nd mortgage lien strip is not available in Chapter 7 straight bankruptcy.

answered Jan 12 '11 at 22:44

CeciliaChen's gravatar image

CeciliaChen ♦
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Asked: Jan 11 '11 at 00:53

Seen: 333 times

Last updated: Jan 12 '11 at 22:44

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