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.
an ancient city in central Greece, in Phocis: site of an oracle of Apollo. Examples from the Web for Delphi. Contemporary Examples. The second, a riff on the classical injunction from the Temple of Apollo at Delphi, is âKnow thy ancestors, know thyself.â. Henry Louis Gates, Jr. Reveals Rick Warrenâs Slave-Holding Ancestors Matthew DeLuca April 14, 2012. Not surprisingly, Delphi hit the wall early, entering Chapter 11 in the fall of 2005.