Articles Posted in Foreclosure

Second mortgages and bankruptcy
The Law Office of Jeffrey L. Weinstein

In 2015, the US Supreme Court ruled that Second Mortgages and Home Equity Lines of Credit may not be dischargeable in bankruptcy even if the entire amount of the loan is underwater. By underwater, we mean that the value (FMV) of the home is less than the amount of the first mortgage. Until this recent…

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