High court rules 2nd mortgages can’t be voided in bankruptcy

WASHINGTON (AP) – A unanimous Supreme Court says homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the first mortgage.

Can I discharge a second mortgage or a home equity loan through bankruptcy? | Boca Raton Lawyers High court rules 2nd mortgages can’t be voided in bankruptcy Posted by Bryan Kent on 9:16 AM. Email This BlogThis!. High court rules 2nd mortgages can’t be voided in bankruptcy

Through letters, phone calls, lawsuits against debtors or claims filed in bankruptcy court. and they can’t ensure that someone else won’t read that text or email. "A lot of the laws on technology.

People who are delinquent on property taxes or who have blight violations can’t participate. the Detroit Home Mortgage, a conventional loan plus a second mortgage to cover renovation costs. A.

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WASHINGTON | A unanimous supreme court ruled monday that homeowners who declare bankruptcy can’t void a second mortgage even if the home isn’t worth what they owe on the primary mortgage. The justices ruled in two Florida cases that bankrupt homeowners can’t "strip off" a second loan even if they are underwater on the first loan.

WASHINGTON (AP) – The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home’s market value has dropped below the amount they owe on the first mortgage. The justices will consider two appeals from Bank of America, which asserts.

Contents Retired municipal workers. fortunately chapter 7 bankruptcy protection. Bankruptcy court discharged Real estate mortgage The Supreme Court said Monday. Continue Reading

The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home’s market value has dropped below the amount they owe on the first.

In a rare, unanimous decision, the high court sided with mortgage lenders, saying bankruptcy courts are not allowed to "strip off" secondary, or junior, mortgages, such as home equity lines of credit , even if the junior mortgage is completely underwater. The Bank of America v.

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