Second Mortgage Lien Stripping

Do you have more than one mortgage on your home? Are you behind on your mortgage payments or struggling with other debt? Are creditors calling you constantly? Bankruptcy is a process that can help you get a fresh financial start.

I am an experienced lawyer who has helped thousands of individuals like you through Chapter 7 and Chapter 13 bankruptcy. Schedule your free initial consultation at my Jonesboro, Georgia, office by calling 770-603-6572.

At Hammond & Hammond, P.C., we help people find relief from debt through bankruptcy. You work directly with me, attorney Allen Hammond, throughout the process. I promise to provide you with honest and knowledgeable advice.

You Can Have A Second Mortgage Lien Stripped Through Chapter 7 And 13

Bankruptcy is a very effective process for "stripping" or eliminating a second mortgage. Lien stripping and debt forgiveness can be accomplished through both Chapter 7 and Chapter 13 bankruptcies. Although each case will be determined based on individual circumstances, the basic processes are described below.

  • Chapter 7: If you qualify under this type of bankruptcy and the value of the property exceeds the amount owed on the first mortgage, you could have your second mortgage discharged and the debt forgiven.
  • Chapter 13: If you qualify under this type of bankruptcy, your debts are reorganized under an affordable payment plan lasting three to five years. Your second mortgage lien may be stripped upon successful completion of this plan.

Free Initial Consultations | Experienced Advice

If you want to discuss the possibility of removing your second mortgage with an experienced attorney, contact my law firm. Call 770-603-6572, send me an email or simply stop by my office.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.