Here’s How You Can Protect Your Home in a Lawsuit

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3. Choose an Equity Stripping Plan

An equity stripping plan leaves loan sharks empty handed! This plan is basically a process in which you will reduce the overall equity in your property. Basically, equity stripping is a common protection strategy that guards homeowners from creditors. How so?

Well… most creditors are discouraged from including your home in any claims when they see a reduced interest in your property. So, if you can, you should opt for an equity stripping plan to protect your home from creditors and lawsuits.

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