Eliminating 2nd and 3rd Mortgages in New Jersey

Today's depressed real estate market, especially homes underwater, has caused financial distress for many individuals, families and businesses in recent years. However, our economic system has various balancing factors that bring silver lining to clouds of mortgage troubles. One ray of hope comes about through bankruptcy filings for some debtors with second and third mortgages. When a debtor's home is worth less than what is owed on the first mortgage, the second and third mortgages become equivalent to unsecured debt — and are therefore dischargeable in many cases.

From Law Offices in East Orange, Paterson, Jersey City and Newark, We Help Distressed Debtors Tackle Mortgage Problems

In a great many of our clients' bankruptcy filings, we have succeeded at helping those property owners eliminate second and third mortgages in New Jersey Chapter 7 and Chapter 13 situations. With the second and third mortgages out of the picture, the mortgage holders have been able to focus solely on the first mortgage. Many have found ways to address the mortgage problem once the burdensome additional mortgages were eliminated.

Prevent the Threat of Foreclosure Through Troublesome Second and Third Mortgages and Underwater Homes

Eliminating consumer debts, such as credit card bills and medical bills, as well as eliminating second and third mortgages, has had a dramatic impact on the financial landscapes of many of our clients. Some have gone on to obtain mortgage modifications on first mortgages. Others have been able to manage first mortgages once again after the other debt burdens have been wiped out.

Contact Our Northern And Central New Jersey Chapter 7 and 13 Bankruptcy Attorneys

Eliminating second and third mortgages in New Jersey bankruptcies is an example of many powerful debt relief solutions we have achieved for clients. Call our experienced Essex County, New Jersey, bankruptcy lawyers today for a free one-half hour consultation at 973-677-9000 or 888-827-5493. Our lawyers serve Essex, Union, Hudson, Passaic, Bergen, Morris, Middlesex, Sussex and other New Jersey counties.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.