You can, I did. There are many factors and I suggest you seek a few attorney opinions.
If the balance of the 1st mortgage is higher than the value of the house a lien strip would be possible. Otherwise your 2nd will likely wait you out.
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can i file chapter 13 if im below the median and do a lien stripp?
how you guys doing? i need to file file chapter 13 to strip a second mortgage because i tried to do a settlement but they wont go any lower than 80% of a 140,000 balance. at the moment i still owe more than the house is worth but prices are rising very fast. can i still do a chapter 13 if my income is below the median in my county and state? i know i can qualify for chapter7 but that wont remove the lien. thanks in advance?
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