Need help on figuring out Schedule D unsecured portion.
I have 1st mortgage, Line of Credit and association lien on the property. The value of the property is below the amount of the first mortgage. Does it make remaining portion of 1st mortgage, the whole 2d mortgage (heloc) and lien unsecure? How does it affect my BK if I'm surrendering the homestead property anyway?
I have 1st mortgage, Line of Credit and association lien on the property. The value of the property is below the amount of the first mortgage. Does it make remaining portion of 1st mortgage, the whole 2d mortgage (heloc) and lien unsecure? How does it affect my BK if I'm surrendering the homestead property anyway?