Getting Rid of Second Mortgages in Chapter 13 Bankruptcy .... If you complete
the plan, anything left on the mortgage is discharged (wiped out). This all means
Lien stripping in Chapter 13 bankruptcy refers to the process of eliminating ... So
if you had a second mortgage with a balance of $100,000, you can get rid of it ...
After discharge, your lender for the stripped lien will be required to remove its ...
One plus to filing for Chapter 13 bankruptcy is that you may be able to get rid of
second or ... How to Strip a Second Mortgage or HELOC in Chapter 13 ... are
done with the three or five year plan, the remainder of the debt will be discharged
How to modify a 2nd mortgage using Chapter 13 bankruptcy ... that you are
eligible to receive a bankruptcy discharge before a mortgage can be stripped off.
Mar 25, 2010 ... Bankruptcy Second Opinion: Why Chapter 13? Chapter ... Minnesota Second
mortgage unrecorded discharged charged off chp 7 BK. Is bank ...
If you want to eliminate your discharged second mortgage's lien in Chapter 13
bankruptcy, you must first complete your three-to-five-year repayment plan.
Oct 21, 2015 ... Usually in bankruptcy a lender's rights to its collateral are respected and
protected. ... If you file a Chapter 13 to strip your second or third mortgage you ...
income taxes that are not old enough to be discharged (written off), any ...
In addition, you can remove second mortgages and HELOCs in certain
circumstances. ... Staying Current on Mortgage Payments During Chapter 13
Bankruptcy ... any remaining loan amounts on the stripped off mortgages are
Chapter 13 bankruptcy allows you to catch up on missed mortgage or car loan ...
In general, a bankruptcy discharge doesn't eliminate liens from your property. ... a
wholly unsecured junior lien (such as a second mortgage) from your house ...
You must pay your mortgage in Chapter 13 bankruptcy if you want to keep your ...
second mortgage (or other junior lien) from your property, your discharge ...