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In re Kelley

In re Kelley

Ruling
Debt secured by deed of trust on debtor's residence could be stripped off as wholly unsecured where creditor's appraisal claiming higher valuation was not credible.
Issue(s)
Was value of debtor's primary residence less than the value of a senior lien which would allow debtor to treat a junior lien as wholly unsecured?

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Consumer opinion summary, case decided on June 25, 2015 , LexisNexis #0715-098