Can I Wipe Out My Second Mortgage?
While the economy has slowly improved, many people are still underwater on their mortgages, meaning they owe more than what their homes are worth. While you cannot discharge your first mortgage in bankruptcy without losing your home, you may be able to seek relief from a second mortgage.
You should not attempt to wipe out a second mortgage without legal advice. At Gingold & Gingold LLC, we are some of the most experienced bankruptcy attorneys in the metro Atlanta area. We can walk you through the steps and help you figure out the best way to discharge a second mortgage or stop foreclosure.
Stop foreclosure with our lawyers’ help. Call (404) 685-8800 for a free consultation at one of our offices in Atlanta, Cumming, Dallas or Douglasville.
Why Do I Need An Attorney’s Help?
Mortgages are secured debts, meaning your home is the collateral. You may be able to have a second mortgage treated as unsecured — aka dischargeable — debt if you owe more on the first mortgage than the value of your home.
While some “debt relief” companies have made it sound like this is an easy process, it is quite the opposite. It is difficult to prove what your house is worth. We can help you navigate the hurdles.
As a client of Gingold & Gingold LLC, you can have peace of mind by working with Ira D. Gingold, who has been a bankruptcy attorney since 1971 and served as a Court-appointed Bankruptcy Trustee from 1971 to 2013, and Jamie L. Gingold, who has been helping clients address bankruptcy, real estate and business law needs since 2001. They can guide you through the process of stripping a second mortgage and give you the relief you need to stay in your home if your lender is threatening foreclosure.
Get An Attorney’s Help Today. Call Gingold & Gingold LLC.
We have helped countless families throughout the metro Atlanta area hold onto their homes and regain financial stability. Let us give you the legal advice you need to get through a difficult time. Call us at (404) 685-8800 or email us to schedule a free initial consultation.