Trying to lien strip -

[NEWBIE911]

Hi All,

Does anyone have experience with whether or not second mortgage lenders usually object to lien strips, or mostly let it through? I am right on the cusp of my second loan being wholly unsecured however, an argument can be made that it is secured by a small amount (maybe 10% of the loan).

The lender is CW and we have not heard from them yet. I will be submitting an appraisal showing its unsecured , so hopefully will go through.
Anyone successful at stripping?

[justbroke]

Second mortgage lenders in most Districts don't question lien strips in Circuits (U.S. Circuit Court of Appeals) where there is good caselaw that allow lien strips. I did a lien strip pro se in Florida on my 2nd mortgage. I did this by negative noticing (meaning no response from the lender can be deemed as a consent). They never responded. I wrote an Order granting the lien strip 30 days later! Not a peep from the lender.

It has more to do with the District you're in than what lender it is. (Although Credit Unions are strange beasts and I like to call them the "ankle biters" of the credit world.)