Stripping Off HELOCs within the Chapter 13 Personal bankruptcy
October 10, 2024 | Posted By: admin | cash advance nearest me |
For people who HELOC try one minute (and never an initial mortgage), you will find some instances for which you normally strip it off in a part thirteen bankruptcy.
It is even more unrealistic these days, however, if the value of your home is below the newest number you are obligated to pay to your number one home loan, the brand new HELOC is not technically secured facing something. When your worth of you reside increasing otherwise keeps remained relatively secure, then it is possible that the latest lien put on your home by new HELOC has been protected up against the property value the house.
But if its not, it may be experienced unsecured debt. Continue reading “Stripping Off HELOCs within the Chapter 13 Personal bankruptcy” »
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