Purchase money stripped jr trust deed proof of claim in Ch 13 as unsec creditor
Posted: Thu May 31, 2012 4:22 pm
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Look at Brown v. Jensen (1953) 41 C2d 193. It states that when there is no security left to foreclose (addressing a sold out junior), then a jmt on the note is a functional equivalent of a deficiency jmt and therefore barred by 580(b).
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Pat
Patrick T. Green
Attorney at Law
Fitzgerald & Green
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