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frankmcdowell2000 · Joined: 07 Sep 2009 Posts: 57 0.00 Dollars($)

Is it possible to remove a second mortgage lien after a bankruptcy

kim090807 · Joined: 20 Sep 2009 Posts: 55 -0.01 Dollars($)

There might not be much you can do since you took your home out of the BK you would have still been responsible for making the payments on any liens attached. If they are trying to take advantage of the situation to get your equity they may be doing what is called "equity stripping" which they should not be able to do.

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)

After BK not possible. however during BK it can be done.

savior70 · Posted: Tue Oct 06, 2009 4:55 am Post subject:

To frank,

Do you want to mean whether it's possible to remove a second mortgage lien after bankruptcy discharge? If you include the loan in chapter 7 bankruptcy, it will get discharged. If you keep it out of bankruptcy or reaffirm the loan, you will be liable to make payments. Even if your mortgage is discharged from bankruptcy, you will have to continue payments, in case you want to keep your house. If you stop payments the second lien holder can foreclose on your house.

millerja9 · Joined: 19 Jun 2009 Posts: 100 0.00 Dollars($)

It will be situational decesion.

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