When the real estate market was on the rise, many investors and homeowners were falsely led to believe that home values would continue increasing. Understandably, many homeowners and investors began borrowing heavily against their equity to finance property acquisitions and other expenses. The decline of the real estate market has left many homeowners and investors underwater.
If you owe more money on your mortgage than the value of the properties securing them, options are available to get you back on your feet. Since 1993, the law offices of Mark M. Kratter, LLC, in Norwalk, Connecticut, have helped people just like you stop foreclosures and keep their real estate property. When you select our law firm, we are available to guide you through the legal process of wiping out second and third mortgages, judgments and tax liens through lien stripping. Contact our law firm today to schedule a consultation with an experienced Norwalk lien stripping lawyer.
Offering Lien Stripping Services to Preserve Real Estate Investments
Ideally, homeowners would like to maintain their real estate property and sell their investments once the housing market increases in value. This can be particularly challenging for homeowners who owe more money than what their property is worth.
Before you consider selling your property through a short sale or entering into foreclosure proceedings, entrust our law firm for experienced advocacy and legal counsel. Our law firm's debt relief attorney is available to evaluate your situation to determine if lien stripping would help you avoid a foreclosure and save your property.
Through lien stripping, we can help you eliminate a second or third mortgage mortgage in excess of the property's current market value. We can also help you get rid of judgment liens and tax liens. We will work with an appraiser to show that the value of your home is less than the balance on your first mortgage. Any junior mortgages and judgments or tax liens can be stripped away and made to be unsecured debt, since there would be no property or home equity to secure it. At Mark M. Kratter, LLC, we will guide you through this process as part of the Chapter 13 bankruptcy proceedings.
Contact Our Firm's Connecticut Stop Foreclosure Lawyer
The bankruptcy attorney at our law firm will evaluate every opportunity possible to help you avoid foreclosing on your home. We want you to be able to maintain your home and will explain how lien stripping could help make that possible. Contact our law firm today online or call 203-286-4623 to schedule a consultation at our law firm in Norwalk, Connecticut.
At Mark M. Kratter, LLC, we are committed to representing clients throughout Fairfield County, Connecticut, including the communities of Norwalk, Stamford, Greenwich, Westport, Redding, Wilton, Ridgefield, Darien, Weston, Fairfield, Danbury, Stratford, Monroe, Newtown, Bethel, New Canaan, Easton and Bridgeport.