Lomas Mortgage USA v. Wiese

T.G. NELSON, Circuit Judge:

Lomas Mortgage (Lomas), a partially secured and unsecured creditor of Chapter 13 debtors, Daniel and Sue Ann Wiese, held a security interest in the Wieses’ residence. Lomas appeals the district court’s partial affirmance of the bankruptcy court’s order confirming the Wieses’ Chapter 13 plan. The Wieses cross-appeal the district court’s calculation of the amount of the secured claim in their residence.

I. BACKGROUND

The Wieses purchased their residential real property in September, 1985, with the aid of a mortgage loan which was secured by a deed of trust against their…