Underwater Oregon Homeowners find An Escape Hatch

If you have a first and a second mortgage on your home and you can prove that your home value is less than your first mortgage, you may be able to dump the 2nd!  So said “…  Eric Olsen, a Salem bankruptcy lawyer whose firm has been among the most active in employing the second-lien strip.”

I talk to real estate brokers, bankers, even attorneys, it’s just not known that you can get rid of your second mortgage.

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