In re Toland (04-54126)

"Escrow agreement" under which a creditor secured by a lien on the debtor’s mobile home loaned the debtors additional funds was a separate contract from the mobile home loan contract rather than a modification of the mobile home loan contract. The escrow agreement contained no language of modification and contained a separate repayment schedule. Therefore, the claim arising out of the escrow agreement was not secured by the mobile home.

Monday, August 8, 2005