In Re: Amanda Laura Vander Iest, Bank of America v. Amanda Laura Vander Iest, No. 14-12486 (11th Cir. 2014)

Annotate this Case
Download PDF
Case: 14-12486 Date Filed: 09/30/2014 Page: 1 of 2 [DO NOT PUBLISH] IN THE UNITED STATES COURT OF APPEALS FOR THE ELEVENTH CIRCUIT ________________________ No. 14-12486 Non-Argument Calendar ________________________ D.C. Docket No. No. 2:14-cv-00079-RWS, Bkcy No. 13-bkc-23101-REB In Re: AMANDA LAURA VANDER IEST, Debtor. __________________________________________________________ BANK OF AMERICA, NA, Plaintiff-Appellant, versus AMANDA LAURA VANDER IEST, Defendant-Appellee. ________________________ Appeal from the United States District Court for the Northern District of Georgia ________________________ (September 30, 2014) Case: 14-12486 Date Filed: 09/30/2014 Page: 2 of 2 Before WILSON, WILLIAM PRYOR and ROSENBAUM, Circuit Judges. PER CURIAM: Bank of America, NA, appeals a judgment in favor of Amanda Laura Vander Iest in her bankruptcy proceeding. The district court affirmed summarily the ruling of the bankruptcy court that a second priority lien held by Bank of America, which is subordinate to a first priority lien that exceeds the fair market value of Vander Iest s real property, is a wholly unsecured claim that Vander Iest can strip off in her voluntary petition for bankruptcy under Chapter 7. See 11 U.S.C. ยง 506(d); Folendore v. United States Small Bus. Admin., 862 F.2d 1537, 1538 39 (11th Cir. 1989). We affirm. Bank of America challenges the judgment on a ground that it admits is foreclosed by precedent. Bank of America argues that our holding in Folendore that a debtor can strip off a wholly unsecured second priority lien was squarely repudiated by the Supreme Court in Dewsnup v. Timm, 502 U.S. 410, 112 S. Ct. 773 (1992), but we held in In re McNeal, 735 F.3d 1263 (11th Cir. 2012), that Dewsnup did not overrule or abrogate our holding in Folendore. Id. at 1265 66. Under our prior precedent rule, a panel cannot overrule a prior one s holding even though convinced it is wrong. United States v. Steele, 147 F.3d 1316, 1317 18 (11th Cir. 1998) (en banc). AFFIRMED. 2