Bank of America, N.A. v. Bartel James Vander Iest, Jr.

[DO NOT PUBLISH]
IN THE UNITED STATES COURT OF APPEALS
FOR THE ELEVENTH CIRCUIT
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No. 14-12406
Non-Argument Calendar
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D.C. Docket No. 2:14-cv-00099-RWS
In Re: BARTEL JAMES VANDER IEST, JR.,
Debtor.
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BANK OF AMERICA, N.A.,
Plaintiff - Appellant,
versus
BARTEL JAMES VANDER IEST, JR.,
Defendant - Appellee.
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Appeal from the United States District Court
for the Northern District of Georgia
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(August 25, 2014)
Case: 14-12406 Date Filed: 08/25/2014 Page: 1 of 2

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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.
Case: 14-12406 Date Filed: 08/25/2014 Page: 2 of 2

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