How to Eliminate Second and Third Mortgages While Keeping Your Home
Advice from Our Los Angeles Foreclosure Defense Lawyers
In California’s volatile real estate market, many homeowners have found that their home is worth less than the property’s outstanding mortgages. In this situation, if you have a second or third mortgage, you may be able to eliminate second and third mortgages while keeping your home.
Resnik Hayes Moradi LLP is a leader in this type of legal action. We may be able to help you remove that second mortgage, and subsequent mortgage liens. To put it as simply as possible, that debt simply disappears. Our firm wants to help you keep your home and remove your debts.
Call (213) 344-0043 or contact us online to schedule a free consultation with an attorney.
The Debt Relief Process
Let’s say you own a house with a first mortgage of $600,000 and a second mortgage of $100,000 – for a total debt of $700,000. But now the house has a fair market value of only $590,000. That second mortgage is not backed by any equity at all.
In this situation, you can file for Chapter 13 bankruptcy, obtain complete relief from the second mortgage, and keep your house. After filing, the possibility of foreclosure is removed, the second mortgage disappears, and you have one set of orderly payments to make. You will even be free to re-finance at a lower rate if it becomes available.
Fast Action for Debt Relief
Resnik Hayes Moradi LLP has helped thousands of people in California obtain debt relief through Chapter 13 and Chapter 7 bankruptcy filings. On the same day you speak with us, we can take action attempting to save your home and obtain debt relief for you.
Our firm offers convenient flat fees and payment plans so you don’t have to pay the attorney fee right away – in some cases we only charge the cost of the filing fee upfront!
Call (213) 344-0043 now – debt relief and financial freedom may be just a phone call away.
For a free initial consultation with a debt relief lawyer at Resnik Hayes Moradi LLP, contact us online. Our firm serves clients in the Los Angeles area and San Fernando Valley through offices in Los Angeles and Sherman Oaks, California. Se habla español.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
Resnik Hayes Moradi LLP
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He not only saved my house but also got rid of all my debt. They are not your typical attorneys and their creativity really allowed me to do things that other attorneys never mentioned in previous consults.
“Fantastic office! I want to thank Matt for taking his time with me and sincere in his assistance. He spent over an hour with me for free during our initial consult. I left knowing exactly what's ...”
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He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own.
“I worked with David Kritzer at this firm, and he was great. He negotiated on my behalf with a credit card company and was able to settle with them for much lower than I could have on my own thanks to ...”
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I cannot thank them enough for helping save my home. I would recommend them for anyone that is thinking about filing for bankruptcy or foreclosure on their home.
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These are top-notch pros that'll have your back. I cannot recommend them highly enough.
“Where to begin? I had a vile evil credit union repo my car over a misunderstanding, they wouldn't work with me even when I offered full payment plus repo fees (this was my first repo!) so I didn't ...”
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They were thorough, extremely knowledgeable, wonderful to deal with, thoughtful, and really helped guide me through what was one of the toughest times in my life.
“Matt and his team are the best!! They were thorough, extremely knowledgeable, wonderful to deal with, thoughtful, and really helped guide me through what was one of the toughest times in my life. I ...”
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Committed to making the process as stress-free as possible for our clients, our Los Angeles bankruptcy attorneys and dedicated staff will handle everything for you. From filling out paperwork through getting end results, we will work to help your case run smoothly and efficiently. We serve our clients in English, Spanish and Farsi.
