Legal Question in Bankruptcy in Kentucky

what happens to a second mortage a home goes back to the first lien holder?


Asked on 1/06/10, 8:19 pm

1 Answer from Attorneys
Gregory Napier Troutman & Napier, PLLC

The home gets sold in a Master Commissioner sale and the second lien holder can appear and bid on the home to try and protect their interest. Often they do not get paid in full from the sale, but if you are in bankruptcy they cannot come after you for the deficiency.

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Answered on 1/12/10, 8:28 am


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