It is possible to strip off an unsecured 2nd (and 3rd) mortgage on your residential real property
if the property is currently valued at less than what you owe on the first mortgage as of the date your
case is filed. The 2nd (and 3rd) mortgage(s) are then treated the same as the other unsecured creditors in
your case , who can receive as little at 0% of what you owe them. The amount you have to pay your
unsecured creditors is different in every case. Once you successfully complete your Chapter 13 plan,
the 2nd (and 3rd) deeds of trust are no longer liens against your property.
Call to make an appointment today for a free consultation with the attorney, Bankruptcy Attorney Susan J Salehi