Money is considered as the most important asset needed today in the society. Everyone wants to own the maximum of it as it definitely changes the overall lifestyle. Having money is like having the most powerful thing in the world. Because of the advancement in the society, the opportunity to earn more money has become little easier. Companies and organization hire employees at higher positions and at handsome salaries, allowing them access to all the necessary perks. This factor generally encourages people to indulge into fulfilling their dreams by buying something which they always wanted to. Some assets prove to be out of reach of the affordability factor of the people, but all thanks to the leading banks and financial institutes, who lend the desired capital to the individual on particular terms and conditions.

In order to buy a house, people don't mind getting assistance from these banks and financial institutes, but in return they have to sign an agreement according to which a if they fail or delay the due payment in a particular time frame, then the bank is legally authorized to take possession of the house that people bought using the same capital. Some Legal firms have learned experts and attorneys who have the solution for this situation and many more.

In order to remove the Negative home equity, the legal experts have tailored a very good way that can benefit people in many ways. Under the Chapter 13, Reorganization, if people's home is only worth what they owe on their first mortgage, the second mortgage is no longer considered to be a ‘secured' obligation and can be removed. The Chapter 13 program basically converts the second mortgage, home equity loan or other lien to an unsecured debt. This very process is called "Lien Stripping" and has the following benefits:

1. This plan will create a lower payment going towards people's monthly mortgage obligations.
2. Under the terms of the Chapter 13 reorganization, legal experts can most often eliminate a portion, if not a majority of peoples unsecured debts, including the stripped lien.
3. If people are behind on their primary mortgage or a vehicle, and they are being paid through the Chapter 13 reorganization, all payments to people's unsecured creditors including stripped lien are deferred until people are caught up on the mortgage or vehicle. 

The procedure of Second mortgage default is undertaken using a special plan which is followed by the people as directed by the legal experts. Through the Chapter 13, reorganization, experts can legally stop the home foreclosure before the actual sale occurs. People are guaranteed court protection from the foreclosure, the mortgage company and the other creditors. The Chapter 13 can also legally remove a second mortgage or Home equity loan, therefore removing the overall monthly mortgage obligation. This process is called ‘Lien striping'. By focusing on the Debt reduction throughout the course of the program, people's debt-to-income ratio will improve. This factor along with the plan's structured consistent and timely payments to people's creditors would bolster their credit score.