Tip of the Day Strip a Second Mortgage

Tip of the Day Strip a Second Mortgage

November 23, 2012. If you have a second mortgage against your house, you may be able to strip it in a Chapter 13 proceedings. Here’s how. If the balance on your first mortgage is more than the value of your house, you do not have to pay the second mortgage at all. You have to file a separate motion as part of the Chapter 13 in order to take advantage of this aspect of Chapter 13. If you have questions about how Chapter 13 works, call my office at (812) 336-7293 or send us an email

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Rudolph Wm. Savich
213 S Rogers St., Ste 3A/B,
Bloomington, IN  47404
P: (812) 336-7293 F: (812) 336-7268

MAILING ADDRESS
Rudolph Wm. Savich
Attorney at Law
P.O. Box 2447
Bloomington, IN  47404

Free Off Street Parking
Office Hours: M-F 10:00am - 2:00pm
Other hours available by appointment



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