Dana Wagner reporting

If you're in danger of losing your home to foreclosure, there may be a way to keep it using a relatively new concept called lien stripping. It won't be easy, but it could keep your family in your home.

One of 75 homes in Las Vegas received a foreclosure filing in August, leaving Nevada with the highest foreclosure rate in the nation. But attorney Dorothy Bunce may have a way to keep you in your house with her new lien stripping web site.

"The people I see are already in foreclosure, have past due taxes...people who have lost their jobs due to bad economy, but would still like to stay in their house," says Bunce.

She explains that her lien stripping plan can help you by "paying off your second and third mortgage at a reduced rate in as little as three years."

Not everyone is eligible for lien stripping, however.

For example, if you bought your house for $200,000 five years ago, assume it has gone down in value to $140,000. If you owe on your first mortgage more than your house is now worth, you qualify for lien stripping.

This can strip away your second and third mortgage, a home equity line of credit, and help with credit cards and past taxes. But don't expect this to be easy.

You have to first file for Chapter 13 bankruptcy and it will take three to five years to get through the process. But it can save you in the neighborhood of $300 to $700 per month in payments.

It's not great for your credit, but a foreclosure is probably worse. For more information, visit  Bunce's lien stripping web site or call 789-1067.