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how much can a investment property

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morama7510 Joined: 26 Jan 2010 Posts: 2 1.65 Dollars($)	Posted: Tue Jan 26, 2010 8:07 pm    Post subject: how much can a investment property How much can a investment property be cram down on chapter 13 bankruptcy? I owe $310,000. My property is in California.
jameshogg Joined: 20 Dec 2005 Posts: 5167 Location: nevada 645.98 Dollars($)	Posted: Tue Jan 26, 2010 11:59 pm    Post subject: Hi morama, As far as I know, in a cram down, the amount of debt equal to the current appraised value of the property would be treated as a secured claim and the excess amount of the loan would become an unsecured claim. The secured amount will have to paid in full through a repayment plan whereas the unsecured debt is usually not repaid in full. Thanks
morama Guest	Posted: Wed Jan 27, 2010 9:28 am    Post subject: cram down Thanks

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