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Does bankruptcy discharge a 2nd mortgage?

08.21.09 | Author: Moe Bedard | Posted in Bankruptcy | No Comments »

A Chapter 13 bankruptcy may have the effect of discharging a second mortgage. Liens may be stripped off from the asset of the debtor if there is insufficient equity in the asset after the senior liens, such as the first mortgage, have been deducted.

Please note that you would have to qualify for this type of [...]

Angelo Mozilo Email on Loan Safe Voted #1 Business Blunder in 2008

12.18.08 | Author: Moe Bedard | Posted in Mortgage Servicing | No Comments »

Choosing only 10 this year was next to impossible, but somehow we managed. Incidentally, we’d like to throw a special shout out to Angelo Mozilo of Countrywide for making this year’s list extra debacle-riffic. Thanks! – The Consumerist

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