Lien Stripping Eliminates Home Equity Loans
Debtors who find themselves in serious financial trouble may have or will soon have several liens placed on them. Lien stripping has become a new trend led by lawyers who negotiate a settlement for the 2nd mortgage. A lien is a recorded document that states that the Debtor owes the creditor a certain amount of money. Once recorded, the lien will attach to any real property owned by the debtor in the County. Read the original article > Lien Stripping and 2nd Mortgage Settlements.
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