Worcester Bankruptcy Lawyer Jack Morrison Announces a New Program for Struggling Massachusetts Homeowners: Program Helps Those Upside Down On Their Homes to Eliminate Their Second Mortgage
Thousands of Massachusetts residents are upside down on their home mortgage. That's why Worcester Bankruptcy Attorney Jack Morrison is now offering the Mortgage Elimination Program to help legally eliminate their second home mortgage payments.

WORCESTER, MA, August 05, 2011 /24-7PressRelease/ -- Thousands of Massachusetts residents who are upside down on their home mortgage are desperately searching for ways to make the most of their finances. That's why the Law Office of John P. Morrison is now offering a special program beginning August 1, 2011: the Mortgage Elimination Program (MEP). The MEP helps struggling Massachusetts homeowners with a first and second mortgage legally eliminate their second home mortgage payments.

Home values have reached an unprecedented low the past few years. According to a National Association of Realtors study showing market values of home in the Boston Metropolitan area, home market values have decreased 32% over the past 4 years. This trend, coupled with the fact that so many consumers have pulled equity out of their homes to pay bills, means that homeowners owe a lot more than what their house is worth. Worcester Bankruptcy Attorney Jack Morrison's MEP allows homeowners to get rid of their second mortgage—and still keep their house.

"Although they're reluctant to talk about it, thousands of Massachusetts homeowners are struggling with debt," explains Jack Morrison, principal attorney at The Law Office world that most people aren't aware of. The program has helped dozens of my clients get back on their feet financially when they had no other alternatives."

The MEP is right for homeowners who meet three criteria:
1. Have a home titled in their name (they must own their home)
2. Have a first and second mortgage on their home
3. Are upside down on their first mortgage (meaning the value of their house is less than the balance they owe on their first mortgage)

Many homeowners are reluctant to talk about losing their home. They're embarrassed, scared and unsure where to go for help. Knowing that there is a program that can eliminate a second mortgage is helpful for homeowners to understand.

For more information, visit http://www.jackmorrison.com or call (508) 852-7800 and ask for more information on the MEP program.

Press Release Contact Information:

Jack Morrison
The Law Office of John P. Morris
Attorney
27 West Mountain Street
Worcester, MA
US 01606
Voice: 508.852.7800
Website: Visit Our Website