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Clarksville Tennessee Legal Blog

How lien stripping could possibly save your home

Even though the economy is steadily improving and the stock market is reaching new heights, there are still many homeowners who are struggling to get by. Part of this reason may be due to aggressive attempts to repay debt, or severe illnesses or injuries have affected a person’s ability to make a living and pay personal obligations.

In these times, homeowners may make tough choices about which obligations to pay. This may mean that a second mortgage may go unpaid. Despite challenging financial situations, homeowners can be secure in knowing that a Chapter 13 bankruptcy can help save their home. Additionally, a Chapter 13 could work to strip a second mortgage. 

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