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

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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.

WASHINGTON – The Supreme Court said Monday it will decide whether homeowners who declare bankruptcy can void a second mortgage if the home’s market value has.

Bankruptcy may end second mortgage woes. Don Taylor Ph.D. CFA. and that is a high estimate. Could you please give me some advice?. In a Chapter 13 bankruptcy, you establish a court-approved.

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Consumers Can’t Void Second Mortgage In Bankruptcy, SCOTUS Rules. According to the bank, there remains a possibility that the second loan would be repaid if the property’s value rose in the future. The company also claimed that after the Circuit Court ruling, hundreds – if not thousands – of struggling homeowners had moved to nullify their second loans, the AP reports.

The court found the. asked for a refund of 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 borrower who.

Consumers Can’t Void Second Mortgage In Bankruptcy, SCOTUS Rules. According to the bank, there remains a possibility that the second loan would be repaid if the property’s value rose in the future. The company also claimed that after the Circuit Court ruling, hundreds – if not thousands – of struggling homeowners had moved to nullify their second loans, the AP reports.

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 · WASHINGTON — 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.

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High court: Bankrupt homeowners can’t void second mortgage Mike Mika June 1, 2015 0 Comment Banking and Financial Services 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.

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