What is Lien Stripping and and how does it relate to Mortgage?

Mortgage Lien Stripping in Florida

Helping You Protect Your Home

The State of Florida had more foreclosures in 2012 than any other state in the U.S. With so many upside-down mortgages and homeowners struggling to make ends meet, mortgage lien stripping through bankruptcy is an option that can provide true financial relief to countless individuals. My name is Barbara Cusumano and I am a Gainesville bankruptcy attorney. Keep reading to learn more about how you can protect your home by filing for bankruptcy!

Lien Stripping in Chapter 13 Bankruptcy

If you have an "upside-down" or "underwater" mortgage — meaning your home's current worth is lower than the value of your first mortgage — you can strip the lien from a second mortgage when you file for Chapter 13 bankruptcy. Remember, a lien is a form of security — a claim or hold on your possession or, in this case, your real property. The lien gives your creditor the legal right to seize the property if you are unable to repay your loans on time.

By "stripping the lien," that right is taken away. Your creditor no longer has any legal right to your property should you default on your loan. This changes a formerly secured debt — a loan with collateral — into a wholly unsecured debt. In a Chapter 13 bankruptcy, you typically only need to pay back part of your unsecured debts. In some cases, you may not need to pay anything at all. This means that filing for Chapter 13 bankruptcy could be a very good option if you are struggling with debt and have a second mortgage on your home.

Call Barbara Cusumano, Attorney at Law to learn more!

In the 20+ years that I have practiced law, it has been my honor to help thousands of men and women around the State of Florida achieve renewed financial stability and independence through legal debt relief options, including bankruptcy. I've helped my clients discharge a total of tens of millions of dollars in debt, and I may be able to help you, too!

Don't hesitate to call my Florida bankruptcy law office today to hear more about how I can help you save your home, your assets, your family, and your future.

Our Clients Become Our Friends

We truly care for you!
  • “Barbara Cusumano is the best.”

    David & Barbara G.

  • “But when I walked into Ms. Cusumano's office her warm greeting and pleasant smile put me at ease right away.”

    Gloria

  • “Throughout the whole process, she was very personable, yet professional. I would wholeheartedly recommend her services to anyone.”

    Connie

  • “From the first moment Frank & I met Barbara Cusumano, we knew are prayers had been answered.”

    C. & F. Butcher

  • “Wonderful experience with Barbara.”

    Former Client

  • “Mrs. Cusumano and her staff were very professional and helpful during the entire bankruptcy process...”

    Billy J

  • “Mrs. Cusumano was excellent.”

    Alexandra E.

  • “She goes the extra mile advising her clients to help them make an educated decision.”

    P. Burns

  • “Barbara proved me wrong and blew me away with her genuine heart of gold!”

    B. Davis

  • “She is very friendly and kind. I also enjoyed working with her office assistant Cassie.”

    Rachel T.

  • “Very experienced and knowledgeable attorney.”

    Ridel N.

  • “I called Barbara, after having read reviews on Google and Avvo, hoping that she might be a good fit for us....and I was right!”

    PonchDiAnna L.

  • “She took the stress from my situation off of my shoulders.”

    Chris P.

  • “I was stressed and worried at first, but I got the caring help I needed every step of the way.”

    Juanita

  • “I would definitely recommend Barbara Cusumano's legal expertise if you are considering filing for bankruptcy.”

    Marta Y.

  • Dozens of 5-Star Client Ratings

  • File Online – Never Leave Your Home or Office

  • Reasonable Flat Fees

  • Payment Plans Available

  • 20+ Years of Experience

  • Local and Trusted Attorney