Bankruptcy Blog
Three Things You Can Do This Year To Be Richer
by John G. Merna, Esq. As we end the first month of 2016, a person should take a moment for introspection. Everyone should take time to reflect on how to improve your life by living better and being happier. I don't have any suggestions on how to make you happier but...
Strip A Second Mortgage In Bankruptcy – Part 3
How to Remove, Eliminate or Strip a 2nd Mortgage Off a House (Conclusion). by John G. Merna, Esq. Options One- Settling the debt As explained in Part II of this guide, once a second mortgage is in default or behind on payments the lender has few options to...
Remove A Second Mortgage In Bankruptcy – Part 2
Remove, Eliminate or Strip a 2nd Mortgage by John G. Merna, Esq. Conditions Required To Remove A Second Mortgage Not all second mortgages will be eligible for removal. To be in a position to eliminate or remove a second mortgage the home owner will need two...
Foreclosures Are On The Rise. Some Warnings.
By John G. Merna, Esq.Foreclosures are increasing at an alarming rate. Recent data from MarketWatch shows a staggering seven-fold surge in foreclosures during the first month of this year. According to their reliable sources, approximately 33,000 mortgages have been...
Eliminate A Second Mortgage In Bankruptcy – Part 1
How to Remove, Eliminate or Strip a 2nd Mortgage Off a House by John G. Merna, Esq. What is a 2nd Mortgage? And when can it be eliminated? A second mortgage, sometimes called a second lien, on real estate is a loan given either at the time of purchase or taken...
What Is A Foreclosure & How Does A Bankruptcy Stop It?
By John G. Merna, Esq.Everyday thousands of hard working homeowners fall behind on their monthly house payments due to unforeseen and often uncontrolable circumstances. If they fall far enough behind on making the monthly payments they will face the threat of...