Smart Cities With Dr. Jonathan Reichental #639 When smart cities play dumb on cyber security the result is a hot mess, so Palo Alto is casting a wary eye on cyber threats while forging ahead with smart, clean, green urban technology
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.
With Central Florida. troubled homeowners are so deep "underwater" with their loans that they can take advantage of the mortgage provisions in a Chapter 13 bankruptcy, Patton said. "We’re doing a.
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Eliminating Second Mortgage Debt in Chapter 13 "Lien Stripping" – Read the Bankruptcy legal blogs that have been posted by Attorneys on Lawyers.com
The U.S. Bankruptcy Court for the Middle District of Florida allowed the debtor to "strip off" (or void) the second mortgage. On appeal, the eleventh circuit affirmed. The U.S. Supreme Court reversed the Eleventh Circuit and held that the debtor may not void the second mortgage under the Bankruptcy Code.
From West Kendall to West End? Miami-Dade commissioner looks to rebrand suburb Kendall West (kendall lakes west or mistakenly known was West Kendall) is a census-designated place and an unincorporated community in Miami-Dade County, Florida, west of the Florida Turnpike. The population was 38,034 at the 2000 census.
The two Florida homeowners say that filing for Chapter 7 bankruptcy protection with a first mortgage that is worth more than their property’s value allows them to "strip off" the lien from the second mortgage. When both loans are underwater, the second lien is essentially valueless, the homeowners’ lawyers argue.
Mortgage Tips, News, and Notes Slow motion train wrecks earlier, stocks fell in Europe and Asia. "We appear to be in a slow-motion train wreck, with both sides sticking to their positions," said William Reinsch, a trade analyst at the Center for Strategic.The good news is it doesn’t take long to get your operation into. Just what Envelopes.com did, as their Core DNA case.
The Wall Street Journal reports that the Supreme Court ruled in favor of banks when it came to determining that struggling homeowners can’t get rid of a second mortgage using Chapter 7 bankruptcy.
Because the second mortgage is now unsecured, it can be stripped off during bankruptcy, thus eliminating the homeowner’s liability to pay this second 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. Both cases involved property owners who were allowed.