A Mortgage Deficiency Judgment Is a Judicial Lien Subject to Avoidance Under § 522(f)

January 6, 2025

A Mortgage Deficiency Judgment Is a Judicial Lien Subject to Avoidance Under § 522(f)

A deficiency judgment resulting from mortgage foreclosure is not ‘a judgment arising out of a mortgage foreclosure’ and can be avoided as a judgment lien.

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur rem aliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero. Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur rem aliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero.

Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur remaliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero. Lorem ipsum dolor sit amet consectetur, adipisicing elit. Soluta dolorem consequuntur corporis pariatur remaliquam similique animi fugiat iure explicabo eius omnis minima labore natus, repellat aut odio fuga vero.

ABI MEMBERS ONLY

ABI Membership is required to access the full summary. Please Sign in using your ABI Member credentials.

Not a Member yet? Try Us Out!

Sign up to receive Rochelle's Daily Wire and try out our membership for 30 days. When you do — you'll see why our members "Think ABI First."

Learn More

Opinion Link

View Opinion

https://abi-opinions.s3.us-east-1.amazonaws.com/Gramigna.pdf

Case Details

Case Citation

Gramigna v. Roumeliotis (In re Gramigna), 24-50464 (Bankr. D. Conn. Dec. 20, 2024)

Case Name

Gramigna v. Roumeliotis (In re Gramigna)

Case Type

Consumer

Court

2nd Circuit

Connecticut

Bankruptcy Tags

Consumer Bankruptcy

Mortgage

Finance and Banking

Real Estate

Uniform Commercial Code/Article 9

Comments

Submitted by Robert Lawless on January 6, 2025

The court's holding and your observations, Bill, are spot on. The language of the opinion, however, continually fails to distinguish between the judgment and a lien created on a judgment -- e.g., "a deficiency judgment is a judicial lien that can be avoided under section 522(f)(1)." That may seem like pedantry from an academic, but the failure to make that distinction makes the issue seem harder than it is.