What To Do With A 2nd Lien That's Unsecured In BKY

[Christopher Winkler]

We purchased a 2nd lien, and by the time it was transfered, we passed the date to file as a secured creditor due to the prior servicers attitude of most will not make it through CH 13, and they are over 2 years into the Ch 13 plan.

So we are unsecured and have to wait for it to be dismissed, and we can't foreclose since they are in Ch 13. Short of trying to get a stay, what would some of you do if you were us? Appreciate any and all replies...

[Wayne Brooks]

Was the junior lien “stripped” in the BK?
You say you are unsecured....if you are actually unsecured, you can’t foreclose anyway.