More on the ongoing lien stripping appeal that is before the 8th Circuit Court of Appeals. A decision is expected by summer, and I expect it will be resolved in favor of homeowners.
Lien Stripping Approved
An appellate court has approved stripping second mortgage liens in chapter 13s when a house is worth < the first mortgage balance. I am a leader in this area of law, having spoken at seminars and gotten many lien strips through, despite the prior murky state of the law. For more information explaining these concepts in a chapter 7, chapter 13, and “chapter 20” (13 after a 7), call me at 763-421-0965.