Legal Advice for Mortgage Debt — 63 results
Written by attorney Mitchell Sussman, over 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, over 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, almost 5 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
Written by attorney John P. Brooke, over 3 years ago.
Experts agree that in order for the economy to recover, the housing market first must be stabilized by preventing avoidable foreclosures. While there is no single solution to the... more
Written by attorney Norma Duenas, about 5 years ago.
Have Your Case Evaluated by an Experienced Attorney Bankruptcy attorneys will generally provide you a free bankruptcy consultation. During this consultation the attorney will assess... more
Written by attorney Theodore Koban, over 5 years ago.
Evaluating the current value of your home Chapter 13 cram downs of second mortgages can only be done when the current value of your home is less that the balance outstanding on the first... more
Written by attorney Moses Apsan, over 4 years ago.
Filing IRS Form 982 prevents the need to pay taxes on the mortgage debt forgiven
bankruptcy and surrendering your home or reducing the 2nd mortgage,
short sales and foreclosure... more
Written by attorney Susan Salehi, over 4 years ago.
Although not everyone will qualify, it is possible to "strip off" an unsecured 2nd (and 3rd) mortgage on your home and treat it as an unsecured debt in your Chapter 13 reorganization plan.... more
Written by attorney Robert Kevin Lee, over 4 years ago.
Is Your House Underwater ? One of the many requirements of being able to Lien Strip a junior mortgage is that the house is worth less than the total amount owed on the First Mortgage. For... more
Written by attorney Jason Treguboff, over 4 years ago.
Many individuals are
faced with the following set of facts:
more on their first mortgage than their home is worth.
They have a
second or even a third mortgage on their home.... more