Get Rid of Your Second Mortgage

January 21, 2015

A Chapter 13 Bankruptcy (also known as Repayment Plan) can remove a second mortgage from your home.  If the first mortgage is more than the value of your home, a Chapter 13 Repayment Plan will let you pay your second mortgage or home equity loans the same as your credit card debt.  After 3 or 5 years, your mortgage will be gone.  If your house is underwater and has a second mortgage a Chapter 13 Repayment Plan is worth looking into.