Same Day Appointments | Joliet 815.723.8800 | Orland Park 708.349.8900

Chapter 7 Debtors May Not Void a Junior Mortgage

The United States Supreme Court, in Bank of America v. Caulkett, recently held that a debtor in a Chapter 7 bankruptcy proceeding may not void a junior mortgage where the debt owed on a senior mortgage exceeds the present value of the property. The Caulkett decision...
Call Now Button