Schedule D help please

[bellessima]

Is the VALUE of property subject to lien the current market value or "the loan amount?

ON THE SECOND MTG:Is the VALUE of property subject to lien the current market value or "the loan amount?

Do I put the loan amount of the second mortgage in the unsecured portion?
Thank you

[bktek]

The "value of the property subject to lien" is the current appraised value of the property. I used the property tax appraisal in my case. I assume it would be the same for the 2nd mortgage, as well.

The "amount of claim" column is where you list the current balance of your loan.