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Second mortgage lien strip.

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    Second mortgage lien strip.

    When I filed chapter 13 a little over two years ago I included my second mortgage to be striped. At that time my house was upside down on the first mortgage so striping the second was able to be done.
    Fast forward to today. I've noticed home values are rising now and my house is worth more than I owe on the first. Will there be an issue having the second striped when I finish my plan in 2 years?

    #2
    Shouldn't be.

    The stripping of the second mortgage converted the debt from secured to unsecured. Once the Chapter 13 is discharged, the debt is gone forever. The valuation that the lien strip was based on is the value at the time you filed and the lien strip was ratified by the court.

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