Blog Posts in February, 2013

  • M is for Mortgage

    || 21-Feb-2013

    Do you have a Mortgage? Do you have more than one Mortgage? Is your Mortgage being foreclosed ? Are you trying to modify your Mortgage? Bankruptcy can do many things when it comes to dealing with your Mortgage issue. Chapter 7 bankruptcy can eliminate your personal liability on the Mortgage Note. This can come in handy if you're letting your house go or if you think you may decide to let it go ...
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  • L is for Lien Strip

    || 6-Feb-2013

    " Lien strip " has become a very popular bankruptcy term over the past 5 years or so – largely due to the dramatic decline in the value of real estate. Here's how it works: say you happen to own a home with a first mortgage with a balance of approximately $150,000. Say you also have a second mortgage or home equity loan with a balance of approximately $30,000 - that was taken ...
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