How Do I Get Rid Of A Second Mortgage Lien? Filing for bankruptcy can eliminate your second mortgage debt. If an appraiser determines the value of your home is less than your first mortgage, or is upside down, Chapter 13 lien stripping may be possible. The bankruptcy court essentially converts your second mortgage into an
What Kind Of Insurance Pays Off Your House If You Die? As the name implies, mortgage protection insurance (also called mortgage life insurance and mortgage protection life insurance) is a policy that pays off the balance of your mortgage should you die. It often is sold through banks and mortgage lenders. Is your house paid
What Is The Meaning Of Write Off In Bank? A write-off is an accounting action that reduces the value of an asset while simultaneously debiting a liabilities account. It is primarily used in its most literal sense by businesses seeking to account for unpaid loan obligations, unpaid receivables, or losses on stored inventory. What does
How Can I Get Out Of Debt With Bad Credit? A debt management program can provide credit card consolidation without the loan. You make one monthly payment to the debt management agency and they, in turn, repay your creditors. An agent can negotiate new terms with your lenders that should result in lower interest rates
Can Unsecured Creditors Take My House? Can unsecured creditors take my house? A judgment lien prevents you from selling or transferring ownership of the property without first paying off the debt and releasing the lien. The amount of time a judgment remains valid varies by state, but in California, judgments are valid for 10 years.
Can My House Be Seized By Creditor? Can my house be seized by creditor? If you do not pay the judgment, the judgment creditor can garnish or “seize” your property. The judgment creditor can get an order that tells the Sheriff to take your personal property, like the money in your bank account or your