Can a Motion to Avoid a 2nd Trust Deed (lienstrip) be Done after Confirmation
Posted: Wed Mar 03, 2010 9:54 am
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I don't see an impediment to filing the motion either. However, you must
keep in mind several factors. First, the valuation is limited to the
time between filing and confirmation. Second, you will probably have to
do a motion to modify and the trustee will want all the funds that were
being paid to the second mortgage to be paid to the benefit of the
unsecured creditors.
Nancy Clark
Borowitz & Clark, LLP
100 N. Barranca Avenue, Suite 250
West Covina, CA 91791
Office: (626) 332-8600
Fax: (626) 332-8644
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