How To Strip Your Second Mortgage
Atlanta Lien Stripping Lawyer – Experienced Georgia Lien Stripping Attorney
If your home has lost value during the housing market recession and you have more than one mortgage, you may have the option to strip your second or third mortgages. This means it is possible to eliminate your liability for the second mortgage or equity line of credit and you’ll never have to pay it back. You do not even need to be behind on your mortgages to qualify for this amazing opportunity. You may need another independent reason to file, such as unsecured debt.
To find out if you are eligible to strip your second mortgage, schedule a free initial consultation . With offices in Atlanta, Marietta, Duluth, Decatur, Alpharetta and Lawrenceville, we help people throughout all of Northern Georgia.
Is Lien Stripping Right for You?
In order to get a second mortgage stripped from your property successfully, you must file a Chapter 13 or Chapter 7 bankruptcy and receive a discharge. Stripping off the second mortgage may help make the property more affordable for you as well as help your personal financial situation. We can assess your situation and let you know if removing your lien is an option for you.
In the event that lien stripping is not possible, we will help you explore other options for debt relief. Chapter 7 or Chapter 13 may be beneficial for you if you are struggling with your debt.