With apologies for wading into “legal-speak” and a promise to “speak more clearly later,” a bankruptcy judge in Buffalo has attempted to explain to non-attorney defendants why a “Trustee might eventually be permitted to sell their house out from under them.”
“In this case, Defendants are not lawyers and so they understandably ask the Court to explain why it is that by virtue of words like ‘avoiding perfection-by-recordation as a preference,’ they will become unsecured creditors rather than mortgagees,” Western District Judge Michael Kaplan wrote.
