In this scenario, a mortgage bifurcation acts as a tool that enables the homeowner to manipulate her debt but only applies if the homeowner owes more on the mortgage than the property is worth. However, Chapter 13 bankruptcy law prohibits the inclusion of primary, or first, mortgages in a mortgage bifurcation. Chapter 13 only allows mortgage bifurcations with second or third mortgages on a homeowner's primary residence or with any mortgage on an investment property or second home.
Delphi (/ËdÉlfaÉª/) is a city in and the county seat of Carroll County, Indiana, United States. Located twenty minutes northeast of Lafayette, it is part of the Lafayette, Indiana Metropolitan Statistical Area. The population was 2,893 at the 2010 census.
Delphos is a city in Allen and Van Wert counties in the U.S. state of Ohio. The population was 7,101 at the 2010 census. The Allen County portion of Delphos is part of the Lima Metropolitan Statistical Area, while the Van Wert County portion is part of the Van Wert Micropolitan Statistical Area.