Get Rid of Your Second Mortgage
Perhaps you got a second mortgage or home equity line in an attempt to manage your finances or pay off old debt. You may have purchased the house with a first and second mortgage. If your house is now worth less than what you owe on it (which is very common in the current economic climate) you may be able to strip your second mortgage when you file Chapter 13 bankruptcy. If you have a third mortgage, you may be able to strip that as well.
By stripping the second or third mortgage in a Chapter 13 bankruptcy, you will complete the bankruptcy having no remaining debt and only one mortgage on your home.
Get Rid of Real Estate Liens
If you are in debt, you have probably had creditors threaten to file a lawsuit against you. Maybe a lawsuit has already been filed. These creditors may have gotten judgments against you and those judgments have become liens against your home. These liens on your property will not go away unless they are paid off. Fortunately, judgment liens can usually be eliminated through Chapter 7 bankruptcy or Chapter 13 bankruptcy.
Ohio Bankruptcy Lawyers
At the law firm of Harold Jarnicki & Associates, you will find experienced attorneys who know the full range of options available to help you overcome your debt and get your financial situation in order. With more than 35 years of experience specializing in bankruptcy, we can assist with unique options such as stripping second mortgages and stripping real estate liens.
Contact Us For Your Free Initial Consultation
To talk to one of our Cincinnati and Dayton attorneys about stripping second mortgages or removing judgment liens, contact us today.
