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Bizar & Doyle LLC, Attorneys & Lawyers  Bankruptcy, Chicago, IL
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Eliminating Second Mortgages with the Help of a Bankruptcy Attorney

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Second Mortgages are sometimes opened to solve a problem such as not being able to pay your first mortgage, or your debts. To some, it may have seemed the second mortgage would not create a financial problem and that it could be paid back easily. If you needed a large sum of money to make a down payment, a second mortgage may have been the answer. Basically, a second mortgage allows you to spend the money that you have paid towards your first mortgage. The problem that may result is that you now have a second mortgage to pay down instead of just one. If you are burdened by two mortgages and you don't know where to turn, speak with a skilled bankruptcy attorney from Bizar & Doyle, you have nothing to lose and a lot to gain.

Second Mortgages

Today, the economy is not what it once was; many home owners are troubled by finding that the value of their home as decreased markedly. If you are now finding yourself in this position, you need to speak with a bankruptcy lawyer, they can help you to sort out your second mortgage or at the very least inform you so that you can make a move in the right direction. If an individual had a home valued several years ago, it may have been evaluated at almost twice the current market value. You could have several hundred thousand in mortgage debt above the current value of your home. It means you are paying a mortgage which is not backed up by any equity. In such a case, you need to find out if you qualify for Chapter 13 bankruptcy which could allow you to pay only one mortgage instead of two. Speak with one of our dedicated bankruptcy attorneys today.

Contact a Bankruptcy Attorney if you are burdened by a second mortgage.

Illinois Offices:

  • Loop Office
    123 W. Madison Street
    Suite 205
    Chicago, IL 60602

    South Side Office
    10336 S. Western Avenue
    Chicago, IL 60643

    O'Hare Office
    8770 W. Bryn Mawr
    Suite 1300
    Chicago, IL 60631

    Southwest Suburbs
    15255 S. 94th Avenue
    5th Floor
    Orland Park, IL 60462

  • Far North
    1800 Nations Drive
    Suite 117
    Gurnee, IL 60031

    Western Suburbs
    1444 N. Farnswoth Ave.
    Suite 1018
    Aurora, IL 60505

    Joliet Office
    Lincolnshire Business Center
    1000 Essington Road
    Suite 155
    Joliet, IL 60435

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123 W. Madison Street, Suite 205; Chicago, IL 60602
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Main Office: 123 W. Madison Street, Suite 205 Chicago, IL 60602
Phone Number: (312) 427-3100