Lien Stripping Tag Archives -

I Got Behind on HELOC Payments and Now Have a Lien Against My House

July 25, 2019 by Steve Rhode

Question: Dear Steve, I opened a Home equity line of credit 13yrs ago with Bank of America. Seven years ago the account was closed because I got behind in payments. Five years ago is was charged off as bad debt. On the credit report, the amount says $42,000 owed and a lien was placed against …

We Filed Bankruptcy to Keep Our House But We Are Being Foreclosed On

September 15, 2020November 29, 2016 by Steve Rhode

Question: Dear Steve, Filed for Chapter 13 in 2010, converted to Chapter 7 in 2011. Did not reaffirm first or second mortgage at that time. Continued to pay first and current with it, but disregarded second falsely assuming there was nothing they could do because house is underwater. With staying current on first, house is …

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