In Re Sieglinde M. Zimmer, Debtor, Sieglinde M. Zimmer v. Psb Lending Corporation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding no evidence of any congressional policy in favor of promoting subsequent mortgages that are entirely unsecured due to a lack of equity in property
• permitting lien stripping in chapter 13 of wholly unsecured deed of trust against debtor’s residence
• § 1322(b)(2) does not bar modification where claim is wholly unsecured because of prior lien on primary residence
• for creditor to have a “secured claim” there must be value for the creditor’s interest in the collateral
• for creditor 20 to have a “secured claim” there must be value for the creditor’s 21 interest in the collateral
• “Finally, and only after determining that the creditor was the holder of a secured claim and thus eligible for antimodification protection, the Court proceeded to the question of exactly what was entitled to such protection.”

Source: CourtListener parenthetical corpus (CC0).