Tag Archives: cheap bankruptcy
Is your home still underwater due to a HELOC?
Bankruptcy is a HELOC Solution Did you know you can file a lien avoidance motion (lien strip motion) in a bankruptcy to remove a Home Equity Line of Credit or HELOC (Also known as 2nd mortgage, 2nd home loan, line of credit, junior lien, junior loan)? If your house is underwater due to a HELOC, Continue Reading
2nd Mortgage Charged-Off
What does it mean if a 2nd mortgage on real estate is “charged-off”? If you had a Home Equity Line of Credit (or HELOC) on your home or if you had a purchase money 2nd loan that was not paid, some banks will charge-off the debt. This designation can be seen on a credit report Continue Reading
A Good Bankruptcy Book
There is a highly rated bankruptcy book called “The New Bankruptcy: Will It Work For You?” written by Stephen Elias and published by Nolo. Stephen Elias is an attorney who breaks down details of how bankruptcy works since the major changes that were made in 2005. Nolo is a publishing company focused on legal material Continue Reading