Legal Advice for Mortgage Debt — 60 results
Written by attorney David D. Nielson, over 4 years ago.
1322(b)(2) SECURED ONLY BY A SECURITY INTEREST IN REAL
PROPERTY THAT IS THE DEBTORS PRINCIPAL RESIDENCE
The homestead mortgage
anti-modification provision of
1322(b)(2) permits a... more
Written by attorney John Gerth Merna, over 2 years ago.
How to Remove, Eliminate or Strip a 2nd Mortgage Off a House - Part III
Options One- Settling the debt
As explained in Part II of this guide, once a second mortgage is in default or... more
Written by attorney Benjamin Skinner, over 2 years ago.
A benefit of fling a Chapter 13 is that it comes with the ability to strip a 2nd mortgage or home equity line of credit. If you are upside down on your home (meaning that you owe more on... more
Written by attorney Michael Schwartz, over 3 years ago.
Thanks to the 2d Circuit Court of Appeals, in the case of In re Pond, reported at 252 F.3d 122, you can eliminate your second mortgage if your first mortgage exceeds the value of your home.
Written by attorney Henry Lively, about 5 years ago.
If you have a Short Sale are you covered by the Mortgage Forgiveness Debt Relief Act? The short answer is yes. If the debt is otherwise qualified debt that was used to buy, build, or... more
Written by attorney Ike Z Devji, over 2 years ago.
Asset Protection is increasingly broadening in what people want from it, its not just about litigation and must include an analysis of ALL risks to our clients wealth including those posed... more
Written by attorney Jeff Biddle, about 6 years ago.
Determine the current value of your home The following would be acceptable:
1) A recent appraisal
2) A comparative mortgage analysis from a realtor
3) A broker's price estimate from a... more
Written by attorney Mitchell Sussman, almost 4 years ago.
The current financial crisis, brought on by the collapse of the housing
market has more and more people looking for solutions to their under water
property. An under water property is one... more
Written by attorney Richard Gaudreau, almost 4 years ago.
Following the maxim that drastic times call for tepid measures, the banking industry continues to pay 'lip service' to loan modifications while doing little. On December 15th, the... more
Written by attorney Michael Rinne, about 4 years ago.
Is your home "under water" ? In the last years virtually all my client's homes were "under water". This means the value of the home was less than the balance of the mortgage(s).
Most of my... more
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