Wednesday, December 7, 2022 | The Latest Buzz for the Appraisal Industry

Court: ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance

The U.S. Court of Appeals for the Second Circuit affirmed a lower court decision that a chapter 7 trustee’s avoidance of an unauthorized postpetition mortgage lien did not amount to a “double recovery” precluding the trustee from avoiding and recovering a transfer of the loan proceeds.

The post Court: ‘Single-Satisfaction Rule’ After Mortgage Lien Avoidance appeared first on DSNews.

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