Bank of America v. Bartel James Vander Iest, Jr. , 613 F. App'x 908 ( 2015 )

Case: 14-12406 Date Filed: 08/18/2015 Page: 1 of 2
[DO NOT PUBLISH]
IN THE UNITED STATES COURT OF APPEALS
FOR THE ELEVENTH CIRCUIT
________________________
No. 14-12406
Non-Argument Calendar
________________________
D.C. Docket No. 2:14-cv-00099-RWS,
Bkcy No. 13-bkc-23099-REB
In Re: BARTEL JAMES VANDER IEST, JR.,
Debtor.
__________________________________________________
BANK OF AMERICA, N.A.,
Plaintiff - Appellant,
versus
BARTEL JAMES VANDER IEST, JR.,
Debtor - Appellee.
________________________
Appeal from the United States District Court
for the Northern District of Georgia
________________________
(August 18, 2015)
ON REMAND FROM THE SUPREME COURT OF THE UNITED STATES
Case: 14-12406 Date Filed: 08/18/2015 Page: 2 of 2
Before WILSON, ROSENBAUM, and COX, Circuit Judges.
PER CURIAM:
Appellee, Bartel James Vander Iest, Jr., is a Chapter 7 debtor. He has two
mortgages on his house secured by corresponding liens. The second lien, Bank of
America’s, is completely “underwater.” Vander Iest obtained from the bankruptcy
court an order “stripping off” Bank of America’s second lien as void under 11
U.S.C. § 506(d). The district court affirmed. Bank of America appealed. Bound
by our prior precedent rule, we affirmed.
The Supreme Court granted Bank of America’s petition for writ of certiorari,
vacated this court’s judgment, and remanded the case for further proceedings in
light of Bank of America, N.A. v. Caulkett, 575 U.S. ___, 135 S. Ct. 1995 (2015).
Under Caulkett, § 506(d) does not permit the bankruptcy court to strip off the
underwater second lien.
Following the issuance of Caulkett, Bank of America filed a motion for
summary reversal in this court. We deny that motion by separate order. We vacate
the judgment of the district court and remand this case to the district court for
further proceedings consistent with this opinion and Caulkett.
VACATED AND REMANDED.
2