Use Bankruptcy to Shed Your Second Mortgage
There is a new tool to help struggling homeowners keep their homes, while helping to correct their underwater mortgages. As many home values have fallen below the value of the first mortgage, bankruptcy is increasingly being used to discharge the second mortgage as and unsecured debt. Pretty slick. With lenders slow-walking short sales and reluctant to modify the principal value of mortgages, this may be your best way to “right-size” your mortgage obligations and save your home.
For more details on, follow the link below. If you would like to discuss your options with your underwater home, Ken Can Help!
http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=259890
Great work! This is the type of information that should be shared around the web. Thanks =)
Geez, that’s unbelievable.
i can imagine that other homeowners in mortgage trouble appreciate this tip as much as i do. thanks.
Wham bam thank you, maam, my questions are answered!
Woah nelly, how about them apples!
Wow really? I need to talk to my lawyer. This is so cool.
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Wow! This could take a HUGE weight off my shoulders. I need to see my lawyer today.
Oh yeah, I’m underwater. I don’t think even this can help me!
my female kitten is showing my male dog who is boss, it’s quite entertaining and surprising, she gets the better of him!
It is the great article. Is that feasible to get approved for another mortgage if you do shed your second mortgage through foreclosure?
What a joy to find such clear thinking on the mortgage crisis. Thanks for posting!
Great information. Seems a little sleazy, but if it can get me out of trouble I’m all for it.
A friend sent me this in a email and I wanted to share it with you simply because it produced me stop and believe for a minute. What life lessons did you need to experience firsthand before you totally understood them?
Way to keep it real, no doubt.
Thanks alot – your post has helped me after several weeks of strulgging.
I just read comments above. I don’t agree.
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