Sentences with phrase «rid of your second mortgage»
Chapter 13 may also allow you to get rid of your second mortgage once and for all through a process known as «lien strip.»
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If your home is upside down leaving the second mortgage completely unsecured, you may be able to get rid of your second mortgage in a Chapter 13.
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CHASE loan mod agreement was for $ 512,000.00, the interest rates below will be applied: Years 1 -5 at 2 % Year 6 at 3 % Year 7 at 4 % and Years 8 - 27 a fixed rate of 4.5 % and a balloon payment of $ 120,000.00 at the end of the 27th yearSoon after we got the CHASE loan modification, we entered into Chapter 13 to get rid - off the second mortgage and existing credit card debts.
A Chapter 13 can save your house from foreclosure or stop a car repo and even get rid of a second or third mortgage.