Legal Advice for Mortgage Debt — 62 results
Written by attorney Barbie Lieber, over 3 years ago.
If you meet certain criteria, you may be able to rid yourself of your second or junior mortgage, incuding a HELOC loan, through a chapter 13 bankruptcy case.
Written by attorney David Friedman, over 3 years ago.
One of the benefits of Chapter 13 bankruptcy over Chapter 7 is flexibility. There are just lots of ways we can help your financial situation in a Chapter 13 that we just dont have the power... more
Written by attorney Charles Glanzer, over 3 years ago.
Many of todays homeowners have more than one mortgage on their home and are struggling to pay multiple mortgages. Some people are simply walking away from their homes because the value of... more
Written by attorney Henry Lively, over 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 Michael Schwartz, almost 4 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 Ike Z Devji, about 3 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, over 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 John Gerth Merna, almost 3 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, almost 3 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 Mitchell Sussman, about 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