Florida FHA Loan News

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

Warren, 62, is a Harvard professor and perhaps the country’s top expert on bankruptcy law. Over the past four. the person to oversee a new federal agency to rewrite the rules of lending, Bloomberg.

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The debtors sought bankruptcy protection under Chapter 7 and asked the court to void (or "strip off") the second mortgages. The bankruptcy court granted the motions. Bank of America appealed to the U.S. 11th Circuit Court of Appeals in Atlanta, which upheld the bankruptcy judge’s decisions.

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" a second loan even if they are underwater on the first loan.

In doing so, they miss what might really be taking place, and ignore the fact that price action rules. sort of analysis that is void of all the necessary data to make an informed decision.

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.

Instead they’re getting “a shuttle between jobs they can’t. the mortgage fee to feed her family; approving a loan for a second residence, in clear violation of FHA rules; and approving a loan for a.

Before I can accept column writer Sophia Nelson’s premise about health care, I have some questions [I had a good job and insurance – but high health care costs still drove me to bankruptcy. It’s.

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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" a second loan even if they are underwater on the first loan. Both cases involved property owners who were allowed by lower courts to nullify second loans held by Bank of America.

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