\u201cvalue\u201d your second home loan at zero<\/a>. \u00a0A successful motion to value a second mortgage depends on the current market value of your home and the payoff of your first mortgage. \u00a0In order to value your second home loan at zero, the payoff on your first mortgage must be greater than the market value of your home. \u00a0For example, if the payoff on your first mortgage is $125,000 and the market value of your home is $110,000, you can ask the court to value the second mortgage at zero because the lien on your home is not secured by any equity in your home. In other words, if your home were sold there would be no funds for the second mortgage company after the first loan was paid in full.<\/p>\nYour bankruptcy attorney will discuss the option of valuing a second home loan at zero if your circumstances fit the narrow requirements for eliminating your second home loan through your Chapter 13 bankruptcy plan.<\/p>\n","protected":false},"excerpt":{"rendered":"
Home Loans In Chapter 13 Bankruptcy There are many reasons why a person files a Chapter 13 bankruptcy case. \u00a0Some people\u00a0are facing foreclosure or repossession while others may have a creditor threatening to garnish wages. \u00a0Regardless of why an individual needs to file a bankruptcy case, everyone is afforded the same protection under the Bankruptcy […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/pages\/56"}],"collection":[{"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/comments?post=56"}],"version-history":[{"count":1,"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/pages\/56\/revisions"}],"predecessor-version":[{"id":57,"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/pages\/56\/revisions\/57"}],"wp:attachment":[{"href":"https:\/\/santarosaforeclosureattorney.com\/wp-json\/wp\/v2\/media?parent=56"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}