Second mortgages, judgment liens, tax liens and mechanic's liens can all create headaches for homeowners in Florida. Many people aren't even aware that they have a lien on their property until they try to sell their home. Then they end up having to pay the lien with the proceeds from the sale.
I'm Joel Gross, a bankruptcy lawyer in Clermont, Florida. Some, but not all, types of liens can be stripped from your home if you file bankruptcy. If you have a lien on your Florida property, I offer a free initial consultation to evaluate your situation and discuss your options.
If the current value of your home is less than your first mortgage, you can strip the lien from the second mortgage when you file Chapter 13 bankruptcy. The second mortgage then becomes an unsecured debt, and you would typically only have to pay a fraction of what you owe. In some cases, you won't have to pay anything. If you complete your plan and get a discharge in the Chapter 13, you will not owe your second mortgage and the lien will be permanently removed from your property.
Judgment liens are usually the result of you being sued by a credit card company for an outstanding debt. By taking you to court, the credit card company can get a judgment that allows it to record a lien against your property.
Judgment liens are easy to strip from your home when you file bankruptcy.
Tax liens and mechanics liens can be stripped off of your home provided there is no equity. But the taxes may still need to be paid through your plan with no penalty or interest.
To schedule a no-cost and no-obligation consultation with me, attorney Joel Gross, call 352-536-6288 or send an email. Evening and weekend appointments are offered for those who cannot meet during business hours. Spanish-speaking service is available.
The Law Office of Joel L. Gross is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.