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

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High court: Bankrupt homeowners can’t void second mortgage Mike Mika June 1, 2015 0 Comment Banking and Financial Services WASHINGTON (AP) – 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.

High court rules 2nd mortgages can’t be voided in bankruptcy. June 2, 2015. WASHINGTON (6/2/15)–Homeowners cannot void a second mortgage using bankruptcy protection, the Supreme Court ruled Monday. The case, Bank of America v.

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 dealt with the issue whether a debtor can void a second mortgage that is completely underwater or when the property is worth less than the first mortgage. The high court said that the second mortgage may not be voided if it is not a disallowed secured claim as defined under Section 502 of the Bankruptcy Code.

2nd Mortgages & Foreclosures: Chapter 7 Bankruptcy High court rules 2nd mortgages can’t be voided in bankruptcy 11 interesting facts You May Not Know About Florida Mortgage masters group mortgage Application Fraud Highest in Florida

But one of your very first executive orders makes it harder for those families to even afford a mortgage. Then you started rolling back rules that provide oversight. t offer insurance or that they.

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You can’t afford to leave. to support reforming our bankruptcy rules so that we allow judges to reduce home mortgages on primary residences to their fair market value – as long as borrowers pay.

WASHINGTON (AP) – 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&q.

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