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In re Garcia, 7-18-11499-JL. (2018)

Court: United States Bankruptcy Court, D. New Mexico Number: inbco20180927609 Visitors: 13
Filed: Sep. 26, 2018
Latest Update: Sep. 26, 2018
Summary: ORDER GRANTING LSF9 MASTER PARTICIPATION TRUST RELIEF FROM AUTOMATIC STAY AND ABANDONMENT OF PROPERTY LOCATED AT 181 MANZANA AVE. SUNLAND PARK, NEW MEXICO 88063 ROBERT H. JACOBVITZ , Bankruptcy Judge . This matter came before the Court on the Motion for Relief from Automatic Stay for the Abandonment of Property to LSF9 Master Participation Trust, filed on July 19, 2018, (DOC 10) (the "Motion") by LSF9 Master Participation Trust ("LSF9"). The Court, having reviewed the record and the Motion,
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ORDER GRANTING LSF9 MASTER PARTICIPATION TRUST RELIEF FROM AUTOMATIC STAY AND ABANDONMENT OF PROPERTY LOCATED AT 181 MANZANA AVE. SUNLAND PARK, NEW MEXICO 88063

This matter came before the Court on the Motion for Relief from Automatic Stay for the Abandonment of Property to LSF9 Master Participation Trust, filed on July 19, 2018, (DOC 10) (the "Motion") by LSF9 Master Participation Trust ("LSF9"). The Court, having reviewed the record and the Motion, and being otherwise sufficiently informed, FINDS:

(a) On July 19, 2018, LSF9 served the Motion and a notice of the Motion (the "Notice") on R. Trey Arvizu, III, Attorney for Debtor and Philip J. Montoya, Trustee (the "Trustee") by use of the Court's case management and electronic filing system for the transmission of notices, as authorized by Fed.R.Civ.P. 5(b)(3) and NM LBR 9036-1, and on the Debtor, Jacinta Garcia, by United States first class mail, in accordance with Bankruptcy Rules 7004 and 9014.

(b) The Motion relates to the property located at 181 Manzana Ave. Sunland Park, New Mexico 88063, more fully described as:

Lot 1, Block 6, SUNLAND PARK SUBDIVISION — PLAT NO. 1, in Dona Ana County, New Mexico, as shown and designated on the plat thereof, filed in the office of the County Clerk of said County on August 5, 1976, in Book 12 Pages 71-73 of Plat Records.

including any improvements, fixtures, and attachments, such as, but not limited to, mobile homes (the "Property"). If there is a conflict between the legal description and the street address, the legal description shall control.

(c) The Notice provided for an objection deadline of 21 days from the date of service of the Notice, to which three days was added pursuant to Bankruptcy Rule 9006(f);

(d) The Notice was sufficient in form and content;

(e) The objection deadline expired on August 13, 2018;

(f) A response to the Motion for Relief was filed the Debtor on August 20, 2018 (Doc 14);

(g) The Response was not filed by the Debtor's Attorney but by the Debtor herself;

(h) The responses included contained no substantive responses to the dispositive allegations contained in the Motion;

(i) The Debtor's Statement of Intention filed on June 16, 2018 (Doc 6) stated that the Debtor intended to surrender the Property

(j) The Debtor is eligible for a discharge in approximately two weeks;

(k) As of September 11, 2018, neither the Trustee nor any other party in interest filed an objection to the Motion;

(l) The Motion is well taken and should be granted as provided herein; and

(m) By submitting this Order to the Court for entry, the undersigned counsel for LSF9 certifies under penalty of perjury that, on the date this Order was presented Rose L. Brand & Associates, P.C. searched the data banks of the Department of Defense Manpower Data Center ("DMDC"), and found that the DMDC does not possess any information indicating that the Debtor is currently on active military duty of the United States.

IT IS THEREFORE ORDERED:

1. Pursuant to 11 U.S.C. §362(d), LSF9 and any and all holders of liens against the Property, of any lien priority, are hereby are granted relief from the automatic stay:

(a) To enforce its rights in the Property, including foreclosure of liens and a foreclosure sale, under the terms of any prepetition notes, mortgages, security agreements, and/or other agreements to which Debtor is a party, to the extent permitted by applicable non-bankruptcy law, such as by commencing or proceeding with appropriate action against the Debtor or the Property, or both, in any court of competent jurisdiction; and

(b) To exercise any other right or remedy available to it under law or equity with respect to the Property.

2. The Trustee is deemed to have abandoned the Property from the estate pursuant to 11 U.S.C. §554 as of the date of entry of this Order, and the Property therefore no longer is property of the estate. As a result, LSF9 need not name the Trustee as a defendant in any state court action it may pursue to foreclosure liens against the Property and need not notify the Trustee of any sale of the Property.

3. The automatic stay is not modified to permit any act to collect any deficiency or other obligation as a personal liability of the Debtor, in the event that a discharge order is entered. The Debtor can be named as a defendant in litigation to obtain judgment or to repossess the Property in accordance with applicable non-bankruptcy law, pursuant to any discharge order entered.

4. This Order does not waive LSF9's claim against the estate for any deficiency owed by the Debtor after any foreclosure sale or other disposition of the Property. LSF9 may filed an amended proof of claim this bankruptcy case within thirty (30) days after a foreclosure sale of the Property, should it claim that Debtor owe any amount after the sale of the Property.

5. This Order shall continue in full force and effect if this case is dismissed or converted to a case under another chapter of the Bankruptcy Code.

7. LSF9 is further granted relief from the stay to engage in loan modification discussions or negotiations or other settlement discussions with the Debtor and to enter into a loan modification with the Debtor.

IT IS ORDERED

Source:  Leagle

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