Weltman Attorney Presenting Strafford Webinar
Many home mortgages are under water, and debtors in consumer bankruptcy are aggressively seeking to shed second or third mortgages via “lien stripping.”
In Chapter 13 bankruptcies, a junior mortgage no longer secured by the property’s equity may be stripped. The junior mortgage becomes part of the debtor’s unsecured debt and may be paid off through the Chapter 13 plan. At the end of the plan period, the remaining unsecured debt is discharged. Mortgage lenders have several viable defenses to preserve the mortgage lien and tactics to put roadblocks in the path of the debtor seeking to strip the lien.
Join Weltman, Weinberg & Reis Co, LPA Junior Partner Monette Cope (Chicago) as she teams up with Consumer Bankruptcy Attorney Robert Schaller for a 90-minute webinar, hosted by Strafford, on Tuesday January 24, 2012 to address the issue of lien-stripping in consumer bankruptcy.
Strafford is providing CLE for counsel in approved states. The cost to register for the webinar is $247 (with an early bird discount of $50 through January 6, 2012); registration with CLE processing is $312.
For more details on the webinar, and to register, GO HERE: http://www.straffordpub.com/products/lien-stripping-in-consumer-bankruptcy-2012-01-24.