Debt Relief Law Offices of Tampa Bay

Tampa Bankruptcy Attorney 727-849-3328

Lien Stripping

If you have a home equity loan or second mortgage, but real estate values have dropped so the property only provides enough value to secure a first mortgage, you may be able to strip the second loan from your property and discharge it in bankruptcy. This process is known as lien stripping and is a legitimate tool for getting your finances under control. You want an experienced attorney to help you through the process to ensure that it is handled correctly.

You May Be Able to Strip a Second Mortgage or Home Equity Loan

Our firm handles all matters related to stripping a second mortgage or home equity loan from your real property by filing Chapter 13 bankruptcy. We will gather information on the fair market value of your property, so we can demonstrate to the bankruptcy court that the value of the property is less than the first mortgage, and that the home equity loan or second mortgage is no longer secured by the property.