03Jan
Stripping the Lien, Cram Down or Strip Down | Sample Hardship Letter
Filed Under: Second Lien Loan by: Wisdom of Finance
If your second lien on the whole is unsecured, then when the value of your home drops below the first mortgage deed of trust, the second becomes wholly under secured. This second loan can be negated through a Chapter 13 filing. …
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Stripping the Lien, Cram Down or Strip Down | Sample Hardship Letter
Tags: Below The First, Filing, First, Home, Mortgage Deed, Second Lien, Second Loan, The First, The Value, Value, Your Home