Helping You Remove Your Second Mortgage Lien
Experienced Lawyer Pursuing Lien Stripping
If you have a second mortgage on your home and face foreclosure proceedings or the threatened loss of your home because you cannot make those payments, you may be able to save your home through a process called "lien stripping." An experienced attorney can help you determine if you qualify and, if you do, help you remove the lien from the second mortgage.
At the Law Offices of Michael Poole, we protect the rights of people throughout the San Fernando Valley. Attorney Poole is also a licensed real estate broker and has a comprehensive understanding of issues affecting the ownership of real property. We place a high priority on personal service and attention, making certain that you work directly with an attorney at all times.
For a free initial consultation, contact our office or call us at 818-892-5000 (toll-free 800-856-7421). We have four convenient locations throughout Los Angeles and the San Fernando Valley in California.
Stripping a Lien From Your Property
If you have filed for protection under Chapter 13 and you have a second mortgage on real property, you can remove the lien of the second mortgage from your property, provided you can show that your second lien is totally unsecured (the value of the property does not support the first lien and the second lien). The second lien will then become an unsecured debt, which can then be discharged through the Chapter 13 bankruptcy proceeding.
At the office of attorney Michael Poole, we will help you determine the fair market value of your property, so that you can establish whether there is enough equity to secure a first mortgage. If we determine there is not, we will make a motion in the bankruptcy court, take all the necessary action to prove the value of your property, and represent you in any hearings, including any challenges by the second mortgage holder.
Contact Our Office
We provide a free initial consultation to all clients. To schedule an appointment to discuss lien stripping, contact us online or call us at 818-892-5000 (toll-free 800-856-7421). We are available to meet with you between 8:30 am and 5 pm, Monday through Friday.
