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And while we're on the topic of Lam, which judges are now requiring adversaries as a prerequisite for stripping the lien?
20969 Ventura Blvd., Suite 230
Woodland Hills, CA 91364
Tel-(818)430-7770
Fax-(818)593-5522
http://smythesworld.blogspot.com
To: cdcbaa@yahoogroups.com
Sent: Tue, 15 Apr 2008 11:41 am
Subject: [cdcbaa] Ch. 13/LAM/Stripping liens
Been a long time since I've done this, but...
?
Can a debtor strip the fully underwater 2nd on a RENTAL property owned by the debtor in order to leave payments only to the first mortgage holder?? I believe LAM only applied to principal residences anyway, so anything new under BARF that prohibits this?
?
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173? (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged.? The information is intended for the use of the addressee only.? If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting,? marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
And while we're on the topic of Lam, which judges are now requiring adversaries as a prerequisite for stripping the lien?
20969 Ventura Blvd., Suite 230
Woodland Hills, CA 91364
Tel-(818)430-7770
Fax-(818)593-5522
http://smythesworld.blogspot.com
To: cdcbaa@yahoogroups.com
Sent: Tue, 15 Apr 2008 11:41 am
Subject: [cdcbaa] Ch. 13/LAM/Stripping liens
Been a long time since I've done this, but...
Can a debtor strip the fully underwater 2nd on a RENTAL property owned by the debtor in order to leave payments only to the first mortgage holder? I believe LAM only applied to principal residences anyway, so anything new under BARF that prohibits this?
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
The post was migrated from Yahoo.
Ch. 13/LAM/Stripping liens
Been a long time since I've done this, but...
Can a debtor strip the fully underwater 2nd on a RENTAL property owned by the debtor in order to leave payments only to the first mortgage holder? I believe LAM only applied to principal residences anyway, so anything new under BARF that prohibits this?
______________________
Mark J. Markus
Law Office of Mark J. Markus
11684 Ventura Blvd. PMB #403
Studio City, CA 91604-2652
(818)509-1173 (818)509-1460 (fax)
web: http://www.bklaw.com/
This Firm is a Qualified Federal Debt Relief Agency
___________
NOTICE: This Electronic Message contains information from the law office of Mark J. Markus that may be privileged. The information is intended for the use of the addressee only. If you are not the addressee, note that any disclosure, copy, distribution or use of the contents of this message is prohibited.
IRS CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (or in any attachment) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication (or in any attachment).
Been a long time since I've done this, but...
Can a debtor strip the fully underwater 2nd on a
RENTAL property owned by the debtor in order to leave payments only to the first
mortgage holder? I believe LAM only applied to principal residences
anyway, so anything new under BARF that prohibits this?
______________________Mark J. MarkusLaw
Office of Mark J. Markus11684 Ventura Blvd. PMB #403Studio City, CA91604-2652(818)509-1173 (818)509-1460 (fax)web: http://www.bklaw.com/This Firm is aQualified Federal Debt Relief Agency___________NOTICE: This Electronic
Message contains information from the law office of Mark J. Markus that may be
privileged. The information is intended for the use of the addresseeonly. If you are not the addressee, note that any disclosure, copy,
distribution or use of the contents of this message is prohibited.IRS
CIRCULAR 230 NOTICE: To ensure compliance with requirements imposed by the IRS,
we inform you that any U.S. tax advice contained in this communication (or in
any attachment) is not intended or written to be used, and cannot be used, for
the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii)
promoting, marketing or recommending to another party any transaction or
matter addressed in this communication (or in any
attachment).
The post was migrated from Yahoo.