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Real Estate & Property Law

: The Home Equity Theft Reporter

Lien Stripping In Ch. 13 Bankruptcy A Neat Way For Qualified Underwater Homeowners To Stiff 2nd Mtg Holders w/out Risk Of Future Collection Attempts

By r morris

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In New York City, the New York Post reports:Underwater homeowners are jumping onto an unexpected financial life raft that lets them escape crippling second mortgage debts and keep their homes -- Chapter 13 bankruptcy. It's an unprecedented byproduct of the housing price collapse, says New York City bankruptcy attorney David Shaev of Shaev & Fleischman.How it works is this: If the home is

Full post as published by The Home Equity Theft Reporter on July 12, 2010 (boomark / email).

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