For anyone considering getting rid of their second mortgage in the manner described in yesterday’s post, bear in mind that it is by no means a painless process. One of our readers is a staff attorney for a Chapter 13 bankruptcy trustee, and he writes in with more details about what this process entails. [More]
second mortgages
![Homeowners Exploiting Bankruptcy Loophole To Dump 2nd Mortgages](../../consumermediallc.files.wordpress.com/2012/06/houseonwheelsohmy.jpg?w=240&h=180&crop=1)
Homeowners Exploiting Bankruptcy Loophole To Dump 2nd Mortgages
Some homeowners are taking advantage of a little-known loophole in the bankruptcy law to get rid of their second mortgage and also avoid the pain of foreclosure, reports the San Jose Mercury News. Here’s how it works: [More]