On Ounce of Prevention….May Save Your Sellers Some $$$$

Strip Off: When Bankruptcy and a Second Mortgage Are an Opportunity for Florida Homeowners Update: On June 1, 2015, the Supreme Court of the United States held in Bank of America, N.A. v. Caulkett that a debtor (bankruptcy filer) cannot strip off a junior mortgage lien in a chapter 7 case. You can view the case here.. If you file for Chapter 7 bankruptcy, you cannot get rid of second mortgages, home equity lines of credit (HELOCs), or home equity loans.

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On Ounce of Prevention..May Save Your Sellers Some $$$$ Posted by Sally K. & David L. Hanson on December 28, 2009 at 3:09pm in Short Sale Discussions View Discussions

Sally K. & David L. Hanson’s Page on short sale superstars. No Skin In the Game. No Steal of a Deal for the Buyer Every listing agent has to manage a listing.short or traditional the way they see fit.within the laws of the state they live in..and keeping in mind that the foreclosure clock continues to run during the term of the listing on short sales.

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