What is a lien strip?

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What is a lien strip? | The Golden Law Group | Helping Residents & Businesses Get Financial Stability | (813) 413-8700 | https://www.brandonlawyer.com | 808 Oakfield Drive, Ste A, Brandon, Florida 33511 | 9040 Town Center Pkwy, Bradenton, Florida 34202

If you own a home and the value of the home is less than you owe on the first mortgage and you also have a second mortgage, then you should consider filing a chapter 13 bankruptcy. In a chapter 13, you could file a motion to strip the second mortgage, which it would become an unsecure debt that would not need to be repaid and will be discharged upon completion of your chapter 13 bankruptcy.

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