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
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