Monthly Archives: April 2012

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April

Chapter 13 and 2nd Mortgage Lien

A Chapter 13 and second mortgage lien can be a great combintation.  If the balance of the first mortgage is higher than the fair market value of the home, the homeowner can “strip” the second mortgage lien.  This means that after the homeowner successfully completes a chapter 13 bankruptcy plan, the second…

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