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Real Estate & Property Law

: The Home Equity Theft Reporter

Lien Stripping Bankruptcy Court Trial Between Homeowner & 2nd Mortgage Lienholder A Battle Of "Dueling Appraisers"

By r morris

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A recent bankruptcy court case decided in Northern California provides an illustration of how a trial involving an attempt by a homeowner/debtor to free her home from the encumbrance of a 2nd mortgage lien boils down simply to whether her appraiser's valuation of the home is more persuasive than the one obtained by the 2nd mortgage holder.In this case, the total debt owed by the homeowner/debtor

Full post as published by The Home Equity Theft Reporter on January 27, 2010 (boomark / email).

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