Tucson Second Mortgage Removal Attorneys Can Help You Save Your Home
When facing a potential foreclosure on their home, many people feel helpless, even desperate. The fears are even more pronounced if you might be required to default on a second mortgage. This is understandable and all too common in today’s economy. The Law Office of Barry W. Rorex understands your concerns when debt becomes unmanageable. For nearly twenty years, the people of Tucson and Pima County have been able to rely on our experienced second mortgage removal attorney to prevent foreclosure through Chapter 13 bankruptcy relief and stay in their homes, even with a second mortgage.
Lien Stripping Lawyers in Tucson Find Solutions For Homeowners
Foreclosures often occur due to a second mortgage or home equity loan. Many people reasonably took advantage of an optimistic housing market and used a home equity line of credit to make home improvements or to even make the initial purchase of the home possible. Unfortunately, many families throughout Arizona have suffered financial setbacks such as unemployment, divorce, or physical illness, which have made previous budget plans untenable and caused their mortgages go “underwater” or “upside down.”
An experienced second mortgage removal attorney in Tucson can give you options when foreclosure starts to feel like a realistic possibility. If the value of your house is less than the amount of the original mortgage, a process called “lien stripping” can be used. When you owe more than what your house is actually worth, a second mortgage is like an unsecured debt, which can be discharged through Chapter 13 bankruptcy. The Law Office of Barry W. Rorex can guide you through this complicated process to rid you of burdensome mortgages and liens on a house that is no longer worth what you paid for it.
This is just one of the many benefits to filing for Chapter 13 personal bankruptcy. With the financial strategies provided by an experienced Tucson lien stripping attorney, you can preserve your new financial standing by creating manageable payment plans and improving your credit. An experienced second mortgage removal lawyer can also help you negotiate loan modifications in your favor.
Call today to save your home from foreclosure
If you have concerns about a possible foreclosure of a home or your second mortgage, do not hesitate to contact The Law Office of Barry W. Rorex at 520.495.7596 for a free initial consultation. Our offices serve all of Central and Southern Arizona, and we offer flexible meeting hours with an appointment.