Bank of America, N.A. v. Angelle Claudette Glaspie, No. 14-13373 (11th Cir. 2014)

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Case: 14-13373 Date Filed: 10/29/2014 Page: 1 of 2 [DO NOT PUBLISH] IN THE UNITED STATES COURT OF APPEALS FOR THE ELEVENTH CIRCUIT ________________________ No. 14-13373 Non-Argument Calendar ________________________ D.C. Docket Nos. 1:14-cv-00743-JEC; 13-bkc-69958-CRM In Re: ANGELLE CLAUDETTE GLASPIE, Debtor. ________________________________________________________________ BANK OF AMERICA, N.A. Plaintiff-Appellant, versus ANGELLE CLAUDETTE GLASPIE, Defendant-Appellee. ________________________ Appeal from the United States District Court for the Northern District of Georgia ________________________ (October 29, 2014) Before MARCUS, WILLIAM PRYOR, and EDMONDSON, Circuit Judges. Case: 14-13373 Date Filed: 10/29/2014 Page: 2 of 2 PER CURIAM: Bank of America, N.A. appeals the district court s summary affirmance of the bankruptcy court s order voiding a wholly unsecured second priority lien on residential property owned by a Chapter 7 debtor. The bankruptcy court granted Debtor s request to strip off the unsecured junior lien, based on this Court s binding precedent in McNeal v. GMAC Mortg., LLC (In re McNeal), 735 F.3d 1263 (11th Cir. 2012) (citing Folendore v. United States Small Bus. Admin., 862 F.2d 1537 (11th Cir. 1989)). In McNeal, we concluded that a Chapter 7 debtor is allowed to strip off a second priority lien on her home, pursuant to 11 U.S.C. ยง 506(a) and (d), when the first priority lien exceeds the value of the property. Bank of America acknowledges that its arguments on appeal are foreclosed by the Court s decisions in McNeal and Folendore but reserves the right to seek reconsideration of the issue by the en banc Court. Cf. United States v. Smith, 122 F.3d 1355, 1359 (11th Cir. 1997) ( Under the prior panel precedent rule, we are bound by earlier panel holdings . . . unless and until they are overruled en banc or by the Supreme Court. ). AFFIRMED. 2