Multiple outstanding mortgages can result in you owing more than your home is worth. Being "under water" on your home loan may not be a unique situation, but it still creates stress. At the Law Office of Cynthia L. Gibson, we help our clients resolve serious debt problems through bankruptcy, which can strip away second and third mortgages.
A Bankruptcy Filing Removing Second and Third Mortgages
Filing Chapter 13 bankruptcy can provide relief from many debts and can stop the process of foreclosure. Submitting the application immediately ceases any action in the sheriff's sale of your home. From there, bankruptcy lawyer Cynthia L. Gibson gets to work in determining the value of your home and what is owed. Once secured debt, second or third mortgages are no longer backed by any equity and can be stripped away.
The Help You Need in Stopping Foreclosure of Your Home
Bankruptcy not only stops foreclosure, but can also significantly improve your financial outlook. Multiple mortgage payments can become one. In addition to other debts being consolidated in the reorganization, reasonable payments can go towards the principle of your mortgage.
Take action now. Creditors will not stop calling, nor will the foreclosure process stop. Far too much is at stake to not assert your rights to a bankruptcy filing with the help of an experienced attorney at your side.
Contact Us
Contact the Gardena-area law offices of Cynthia L. Gibson, attorney at law, to schedule a free initial consultation on a Chapter 13 bankruptcy filing and learn how it can eliminate second and third mortgages.
DISCLAIMER: This site and any information contained herein are intended for informational purposes only and should not be construed as legal advice. Seek competent counsel for advice on any legal matter.
Pursuant to 11 U.S.C. section 528(a)(4) of the bankruptcy code, we are required to state: we are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.