June 27, 2017

Supreme Court Ruling on Lien Stripping

Despite the uptick in the housing market, millions of Americans owe more on their first and second mortgages than their homes are worth. When mortgage balances exceed the value of the home, the home is said to be "underwater." Sometimes the value of the home is sufficient to cover the balance of the first mortgage but not the second. The recent Supreme Court ruling on underwater second … [Read more...]

Chapter 13–Lien Stripping: Hope for Homeowners

After several years of speaking with our clients about loan modifications to save homes and hearing a sad litany of misinformation and outright deceptions, it has become painfully obvious that loan modifications are more smoke and mirrors than reality. Does this mean that there is nothing that homeowners can do to try to save their homes?  Unfortunately, in most instances the answer is … [Read more...]