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.
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.
Without the support of pro bono attorneys we couldn't do all the work we need to do, and your firm in particular is outstanding.- Skip K.
Was very impressed with the comprehensive professionalism of the firm...- G.L
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.- David K.
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.- Kelly S.
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.- Joseph R.