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Second Mortgages

Second Mortgages

Discharge Your Second Mortgage Debt

Prior to the country's Great Recession and collapse of the American housing bubble, loans and mortgages were easily obtained and loosely underwritten. Although the negative effects these subprime loans had on creditors and lenders were soon made apparent during one of the harshest economic climates in U.S. history, millions of Americans were still left mired in underwater mortgages and overwhelmed by insurmountable debt. As a result, many who took out second mortgages on their homes, or home equity lines of credit, found themselves in incredibly difficult financial predicaments.


Having spent years guiding numerous individuals and families through the bankruptcy and foreclosure defense process, we have become intimately familiar with U.S. bankruptcy law. This has allowed us to identify a number of little-known provisions in the bankruptcy code that we use to assist eligible homeowners discharge a second mortgage. Contact us today to enlist our help!


How it Works

Homeowners who have a second mortgage on their home can file Chapter 13 bankruptcy as a way to restructure their debts into more manageable payment plans that last three or five years. At the end of the payment plan, bankruptcy courts may grant homeowners a discharge of the remaining debt on their second mortgage. This is done in much the same way that unsecured debts are discharged. When done successfully, this will mean that homeowners will only be required to pay original debt for pennies on the dollar.

In addition, once these cumbersome second mortgages have been eliminated, homeowners will have more financial flexibility. Lenders are also more willing to negotiate loan modifications once debts have been eliminated. With both of these benefits, homeowners can more effectively avoid the foreclosure of their home.

Discuss your options with an Orange County bankruptcy lawyer.

The amount of debt relief "out there" is enormous and available to those who are willing to take the time to learn about their options. At 1st California Law, Inc., our Orange County bankruptcy lawyers are committed to helping individuals, families and homeowners learn more about their debt relief options and how we can help.


If you would like to learn more about your eligibility to discharge a second mortgage, or if you wish to discuss your financial situation and find out how our firm can help, contact 1st California Law, Inc. today. A Santa Ana bankruptcy attorney from our firm would love to assist you today!


Read Real Reviews

LET 1ST CALIFORNIA LAW INC GET YOU DEBT FREE
    "Amazing law firm to work with, very knowledgeable, & very kind!"
    Amazing law firm to work with, very knowledgeable, & very kind. They made filing for bankruptcy easy. Kevin is a amazing lawyer, would definitely recommend to friends and family.
    - Evelyn V.
    "Kevin made us feel at ease during a very stressful time in our lives."
    Kevin is the best! He made us feel at ease during a very stressful time in our lives. His upbeat personality and thorough explanations made this whole process effortless. His communication was on point and the cost for his services was absolutely reasonable. If I ever need legal service again in the future, he is my go to guy. Love him!
    - Elizabeth C.
    "Being the light at the end of this scary tunnel!"
    Nobody ever hope to find themselves filing for bankruptcy but when I did, my first call with Kevin put me in such ease that I knew I found the right person to help me.
    - Leslie I.
    "Made the entire process of filing my case approachable & much less stressful than anticipated!"
    Kevin was absolutely fantastic to work with. He made the entire process of filing my case approachable and much less stressful than I anticipated. He was responsive, professional, and direct throughout the entire process, and personally accompanied me at my hearing. I would highly recommend his services.
    - Ashley T.
    "One of the best bankruptcy attorneys to work with!"
    Kevin Kunde was one of the best bankruptcy attorneys to work with. He was kind, informative, courteous and very knowledgeable. I would recommend 1st California Law and Kevin Kunde services to anyone seeking debt relief assistance. Bankruptcy can be a very scary situation and I through out the entire process I felt well guided and taken care of by 1st California Law. Thank you for everything.
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    "Awesome attorney"
    I recently filed for my Chapter 7 through Mr. Kevin’s law firm and I could not be happier with his services. All of my concerns and worries were eliminated when Mr. Kevin thoroughly explains the process of bankruptcy filing and court hearing. The actual court hearing is very simple and to the point, just as Mr.Kevin said. In all, i highly recommend Mr.Kevin as an attorney for anyone who is in need of financial debt relief. He is kind, transparent, and dedicated to his profession. I'm glad i have had a chance to work with Kevin.
    - Bruce
    "Great Service"
    It was the best experience ever with Kevin, I consulted several attorneys regarding my bankruptcy before I went to Kevin, and Kevin was very helpful and also the fees is very good. It was so easy to prepare my filling with him and he kept me updated with everything and tell me everything I need to know even if I didn't ask for it. Kevin show up with me in court and he was very helpful in getting over this stressful situation easily and smoothly, highly recommended him and his office if you look for any financial relief advice or help. Thanks Kevin.
    - AA
    "Best lawyer"
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