How to Eliminate Second and Third Mortgages While Keeping Your Home
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.
Simon & Resnik 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.
Call 800.499.9950 or send us an e-mail to schedule a free consultation with an attorney.
Simon & Resnik 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
Simon & Resnik 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 now — debt relief and financial freedom may be just a phone call away.
For a free initial consultation with a debt relief lawyer at Simon & Resnik, LLP, call 800.499.9950 or contact us online. Our firm serves clients in the Los Angeles area and San Fernando Valley through offices in Beverly Hills and Sherman Oaks, California.
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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
