If we file chapter 13 then we can strip the second mortgage off our home if the second lender challenges the Comparable Market Analysis?

Review our home page and click on How to strip a 2nd mortgage. A few second mortgage holders challenge, primarily Credit Unions and American General and several others- about 10%. In each of those cases they have dropped the challenge or we have negotiated a settlement.

I guess it depends on how sure we are that your home is worth less than the first mortgage. If you walk from the home the 2nd mortgage will never pay off the first to protect its lien therefore they know if you walk they get nothing. Therefore you are holding all the cards.

Understand? After meeting with Mr. Daines today I would like to just clarify a couple of questions. If I was current on my first mortgage and I have a 2nd and 3rd mortgage that are not current, can I file a Chapter 7 to keep the house.

And what happens to the 2nd and 3rd mortgage? Also in your information on your web page regarding getting rid of the 2nd mortgage it states that there is a possibility the 2nd and 3rd could contest the elimination of ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.