Unsecure Second Mortgage and chap 7 pro se .
Date: Tue, 10/19/2010 - 06:11
There is NO published authority that allows you to strip off the
There is NO published authority that allows you to strip off the 2nd mortgage lien in a Chapter 7. You may be able to do this in a Chapter 13 or 11. If you file a Chapter 7 the underlying money debt will be discharged BUT the lien will pass through unaffected. If you fail to service the lien (voluntarily pay the loan), as stupid as it sounds, the 2nd has the right to foreclose. Will it? Your guess is as good as mine.