Many people in Arizona own a house with multiple mortgages. Some of those houses declined in value during the Great Recession and have not fully recovered. If your house is worth no more than what is owed on your first mortgage, there are ways to get rid of the second (and other junior) lien.
In a Chapter 13 Bankruptcy case, a Debtor can “avoid” (strip) a lien on his or her residence if there is not enough value in the house to cover the senior lien. Our law firm has represented many people in this situation and have obtained very successful results, even a decision published by the Ninth Circuit Bankruptcy Appellate Panel (in re Boukatch).
If you are in this situation and want to try to strip a lien and take care of other debts, we can help.