Labels:book | reckoner | sky | tree | windowpane OCR: of secured were "bargained for" by the debtor and are protected Aq the Code Nobleman American Sav, Bank supra, 113 at : 2110-2111: Rake Wade supra; see also 11 U.s 361 362(d), 363(b)(1), 506. 545(2) 546(b) 549(c) 552b 724{b}{1}, 725 1102a(2 1110a 1111(b)(1) 1123 1129(b)(2)(A), 1322{b(2} and 1325(a5) The : only potential lasset lost at a foreclosure saleis the equity. if any in the property sold. Such equity however accrues to the benefit secured creditors, not debtors Or unsecured creditors, Dewsnup Timm supra 112 s 778. Herein, there was no lost equity. The property was encumbered by a senior trust deed of$421 815.72 anda junior trust paap of at least $200. ,000 totalling $621 815.72. Respondents purchased the property for $433 000 demonstrating negative equity of f$- 188,81 15.72 Indeed, ...
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