To see if you qualify to remove your second mortgage from your house, answer the following questions:
1) Is the value of your house less than or equal to the amount you owe on the first mortgage?
2) Is your total secured debt(mortgages and auto liens) less than $1,010,650.00?
3) Is the total of all your other unsecured debt less than $336,900.00?
4) Do you have income?
If you answered yes to all four, you can remove your second mortgage! Stay tuned, more on this blog to be published soon.
Written by Michael G. Doan– Michael Doan is a member of the Doan Law Firm, which consists of Chula Vista Bankruptcy Attorney locations, Escondido Bankruptcy Attorney locations, La Mesa Bankruptcy Attorney locations, and San Diego Bankruptcy Attorney locations…just to name a few. Presently, Michael is concentrating his practice solely in Bankruptcy Law and is a Board Certified Specialist in Consumer Bankruptcy Law by the American Board of Certification, one of only fourteen such attorneys in all of California. He also owns and manages the Carlsbad Bankruptcy Attorney Office.
Did you know that you may qualify for a second mortgage? If you aren’t sure if you do or not, please give an Escondido Bankruptcy Attorney a call today to set up an appointment to answer all your questions.