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    Remove a Second Home Mortgage

     

    Get a Fresh Start! Let Our Bankruptcy Lawyers Help You.
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    By submitting your request, you grant The Cochran Firm Atlanta Bankruptcy permission to contact you using the phone and/or email address you provided and that we may use an automatic telephone dialing system even if the number you provided is a wireless phone number.

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    Beginning in 2006, home values in America dropped by unprecedented amounts. The drop in value, coupled with increased foreclosures, led to the American housing crisis. Many people are still feeling the devastating affects today. Older couple in front of a house

     

    Despise the slight rise in home levels in some parts of the country many people continue to owe more on their first home mortgage than the house is worth. In the event the home-owner has gotten a second mortgage on the property, the Cochran Firm Bankruptcy attorneys may be able to strip the  second mortgage. Although there are several factors determining if the mortgage can be stripped, the primary factor remains to be the property's value. If you owe more money on your first mortgage than the home is worth, there is the probability that the second mortgage can be declared unsecured debt.

     

    If your second mortgage lien is stripped away in bankruptcy, you do not have to continue paying the second mortgage payments! If you file for chapter 7 bankruptcy relief, your liability on the second mortgage ceases when you receive your discharge order. If you file for chapter 13 bankruptcy relief, your liability on the second mortgage terminates only after you complete your chapter 13 plan payments. Either way, you receive a tremendous benefit of not having to pay the monthly payments on the second mortgage.

     

    Your Cochran Firm Bankruptcy attorney is well versed on the law concerning stripping away mortgages. When you come to your appointment, be sure to provide a copy of any recent appraisal along with the payoffs for your first and second mortgage to facilitate filing.

     

    Fill out this form for a FREE Debt and Bankruptcy Evaluation
     
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    These fields are present to prevent automated submission systems. If you see it, please do not fill in a value.

    By submitting your request, you grant The Cochran Firm  Atlanta Bankruptcy permission to contact you using the phone and/or email address you provided. You agree that we may use an automatic telephone dialing system even if the number you provided is a wireless phone number.

     

     

  • Get a Fresh Start! Let Our Bankruptcy Lawyers Help You.
    - -

    By submitting your request, you grant The Cochran Firm Atlanta Bankruptcy permission to contact you using the phone and/or email address you provided and that we may use an automatic telephone dialing system even if the number you provided is a wireless phone number.

    These fields are present to prevent automated submission systems. If you see it, please do not fill in a value.

     

    Click to have us call you.

     

    Contact us today for a FREE initial consultation with a bankruptcy attorney!

     

     

     

 

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1-800-THE-FIRM (800-843-3476)