Help!! Lien strip / cram down

[scs30885]

I want to file chapter 13 but my scenario is a little different then most.

1st mortgage owed: $128,000
2nd mortgage owed: $118,000
TOTAL OF 2 MORTGAGES = $246,000

My property which is a duplex is worth about $161,000

Can I still do a LIEN STRIP or CRAM DOWN If I have equity to cover the 1st mortgage but not enough of the 2nd mortgage?

Can I propose a plan for the following:

$161,000 (Value) - $128,000 (1st Mtg)= $33,000

Can the difference of $33,000 be the Amount I propose to pay back towards the 2nd mortgage on a BK 13 payment plan?

[SMinGA]

No.

Lien strips are only possible when there is no equity at all in the 2nd/HELOC. And there are no cramdowns on real property. Only vehicles purchased more than 910 days before filing - and even then it depends on what valuation method your district uses. (Mine uses NADA Retail - not many actually eligible for cramdown that way.)

Some have filed ch. 7, if eligible, and then stopped paying the 2nd. Saved up the payments to eventually offer a settlement.

[newbie2]

I want to file chapter 13 but my scenario is a little different then most.

1st mortgage owed: $128,000
2nd mortgage owed: $118,000
TOTAL OF 2 MORTGAGES = $246,000

My property which is a duplex is worth about $161,000

Can I still do a LIEN STRIP or CRAM DOWN If I have equity to cover the 1st mortgage but not enough of the 2nd mortgage?

Can I propose a plan for the following:

$161,000 (Value) - $128,000 (1st Mtg)= $33,000

Can the difference of $33,000 be the Amount I propose to pay back towards the 2nd mortgage on a BK 13 payment plan?

My understanding is that if the value of the property is even $1 over the value of the 1st mortgage then you cannot strip the 2nd. Perhaps others will chime in, but from everything I've read over the last few years it cannot be done.

Edit: Once again SMinGA and I have typed at the same time :-) Happens quite often, sorry for duplicating.