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Updated over 10 years ago on . Most recent reply

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
1,451
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1,723
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Tax Liens & Mortgage Notes

Court to consider when second mortgage can be void

Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

Now this could have a huge impact on the junior NPL space if allowed:

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 dropped below the amount they owe on the first mortgage... 

http://news.yahoo.com/court-consider-second-mortga...

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