Bank of America, N.A. v. Vander Iest

U.S. Court of Appeals for the Eleventh Circuit
Bank of America, N.A. v. Vander Iest, 578 F. App'x 906 (11th Cir. 2014)

Bank of America, N.A. v. Vander Iest

Opinion of the Court

PER CURIAM:

The sole issue on this appeal is whether Section 506(d) of the Bankruptcy Code allows a Chapter 7 debtor to “strip off’ a valid junior mortgage lien when the debt secured by the senior lien exceeds the value of the collateral. Appellant, Bank of America, N.A., concedes that our precedent in Folendore v. Small Business Administration, 862 F.2d 1537 (11th Cir. 1989), and McNeal v. GMAC Mortgage, LLC, 735 F.3d 1263 (11th Cir. 2012), clearly hold that such a lien may be “stripped off.” (Appellant’s Initial Br. at 4). Consequently, we affirm the judgment of the district court.

AFFIRMED.

Reference

Full Case Name
In re Bartel James VANDER IEST, Jr., Debtor. Bank of America, N.A. v. Bartel James Vander Iest, Jr.
Status
Published