2nd Mortgage Lien Stripping

Owe more on your home than it’s worth? You may be able to eliminate your second mortgage entirely.
At the Law Office of H. Brooks Cotten, we help Newnan-area homeowners explore powerful legal tools like second mortgage lien stripping to reduce debt and regain financial stability.

What Is Second Mortgage Lien Stripping?

If the value of your home is less than what you owe on your first mortgage, the court may allow you to “strip” away your second mortgage in a Chapter 13 bankruptcy.

Here’s how it works:

• A motion is filed with the bankruptcy court
• If approved, your second mortgage is reclassified as unsecured debt
• Unsecured debts are often discharged or paid pennies on the dollar under your Chapter 13 plan

This can mean you no longer owe anything on your second mortgage once your bankruptcy case is completed — a huge relief for homeowners who are underwater.

Who Qualifies for Lien Stripping?

You may qualify if:

• Your home is worth less than your first mortgage balance
• You file for Chapter 13 bankruptcy
• The second mortgage is not backed by equity

We will review your mortgage balances, property value, and current financial picture to see if lien stripping is an option for you.

Why Choose H. Brooks Cotten?

• ✅ 30+ years of experience in bankruptcy and debt relief
• ✅ Skilled in complex strategies like lien stripping
• ✅ Serving Newnan and surrounding counties including:
  • Coweta
  • Fayette
  • Carroll
  • Spalding
  • Haralson
  • Heard
  • Troup
  • Meriwether
• ✅ Personalized attention and local insight