Bankruptcy Forum

Anyone in AZ have their 2nd mortgage "lein stripped"?

becky20
08-16-2008, 07:22 AM
It sounds like some people are having no problems getting their 2nd mortgage lein stripped if they don't have any equity in the house. I had talked to my atty about it awhile ago and she said they weren't doing them, she had seen several attys try and it never goes through with the trustees (or something like that). I told her the other day that people on the forum were having it done and she asked if any were in AZ. and are they TRUE 2nd mortgages or are they HELOCs?

BigJohn
08-16-2008, 09:21 AM
I haven't filed yet but my lawyer wants to do a lien strip. What we did was we got our house appraised. The appraisal came in less then the first mortgage.

becky20
08-16-2008, 01:37 PM
And you're in Arizona? Are you in Maricopa County??