Supreme Court Disappoints Lien Stripping Homeowners
- July 3, 2015
- Thomas Adam
- Foreclosures
At the beginning of this term, there was hope that the United States Supreme Court would issue an opinion in Bank of America v. Caulkett that would provide homeowners with the opportunity for lien stripping second mortgages during bankruptcy. Earlier this month, the Court issued its ruling and opinion and those hopes were crushed. Lien Stripping Background The Court’s decision addressed two consolidated bankruptcy cases with substantially the same facts. In each case, the bankruptcy de[...]