Opinion
No. 14-12406
08-25-2014
In Re: BARTEL JAMES VANDER IEST, JR., Debtor. BANK OF AMERICA, N.A., Plaintiff - Appellant, v. BARTEL JAMES VANDER IEST, JR., Defendant - Appellee.
[DO NOT PUBLISH] Non-Argument Calendar D.C. Docket No. 2:14-cv-00099-RWS Appeal from the United States District Court for the Northern District of Georgia Before WILSON, ROSENBAUM, and COX, Circuit Judges. PER CURIAM:
The sole issue on this appeal is whether Section 506(d) of the Bankruptcy Code allows a Chapter 7 debtor to "strip off" a valid junior mortgage lien when the debt secured by the senior lien exceeds the value of the collateral. Appellant, Bank of America, N.A., concedes that our precedent in Folendore v. Small Business Administration, 862 F.2d 1537 (11th Cir. 1989), and McNeal v. GMAC Mortgage, LLC, 735 F.3d 1263 (11th Cir. 2012), clearly hold that such a lien may be "stripped off." (Appellant's Initial Br. at 4). Consequently, we affirm the judgment of the district court.
AFFIRMED.