By Robert (Bob) Schuman, Owner/Managing Broker, Network Financial Group Is it 2008 again? For us in the mortgage industry, we woke up this week feeling as if during the night, we were transported back to 2008 when the mortgage industry basically collapsed. Then, Fannie Mae, Freddie Mac, and the FHA were the exceptions. As of March 25, 2020, like everything...
Critical Case Comment
Print This Article
Link to Post:
By Henry E. Hildebrand, III, Chapter 13 Trustee for the Middle District of Tennessee (Nashville)
Bank of America, N.A. v. Caulkett, – U.S. – , 135 S. Ct. 1995 (June 1, 2015): A debtor in a Chapter 7 bankruptcy proceeding may not void a junior mortgage lien when the debt owed on the senior mortgage exceeds the value of the collateral. (Justice Thomas)
Case Summary
In two consolidated cases, Caulkett and Toledo-Cardona, the debtors had each filed for Chapter 7 bankruptcy relief. In each of the cases, the debtors owned . . .
It looks like you are not signed in or registered! This content is only available to members.
Or sign in below:
Related Articles
Per Capita Bankruptcy Filings Heat Map
A Few of Our Favorite (Chapter 13) Things
Critical Case Comment – Debtor Refuses to Give Location of Surrendered Mercedes; Pleads the Fifth
Adjustment of Certain Dollar Amounts
MARK YOUR CALENDAR . . . NOW!!!
Critical Case Comment – Pigs Get Fat/Hogs Get Slaughtered
Critical Case Comment – Bad Faith to Not Pay Both Tests?
Mortgage Matters in Times of COVID-19
Getting Over the Finish Line: Not So Fast
Is 1328(i) Ultimately Terrible for Debtors?