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IN RE DREW, 11-22896. (2013)

Court: United States Bankruptcy Court, D. Utah Number: inbco20130227663 Visitors: 8
Filed: Feb. 27, 2013
Latest Update: Feb. 27, 2013
Summary: ORDER TERMINATING THE AUTOMATIC STAY JOEL T. MARKER, Bankruptcy Judge. Wells Fargo Bank, N.A., as Indenture Trustee for the Registered Holders of IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-3, its successors and assignees in interest, ("Creditor"), filed a Motion for Termination of the Automatic Stay. There being no objection to the Motion, and good cause appearing therefore, it is hereby ordered, adjudged and decreed that the automatic stay in this case is hereby terminat
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ORDER TERMINATING THE AUTOMATIC STAY

JOEL T. MARKER, Bankruptcy Judge.

Wells Fargo Bank, N.A., as Indenture Trustee for the Registered Holders of IMH Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-3, its successors and assignees in interest, ("Creditor"), filed a Motion for Termination of the Automatic Stay. There being no objection to the Motion, and good cause appearing therefore, it is hereby ordered, adjudged and decreed that the automatic stay in this case is hereby terminated to allow Creditor, its successors, and assigns, to exercise its rights and remedies under state law for the real property of the Debtors located at 11312 South River Front Parkway, South Jordan, in Salt Lake County, UT, more particularly described as follows: Lot 704, Parkway Palisades No. 7 Subdivision, according to the official plat thereof, recorded in the office of the Salt Lake County Recorder, State of Utah

Any post-petition acts taken after the effective date of this Order by the Movant to enforce its remedies in accordance with applicable non-bankruptcy law against the Debtor(s) or property of the estate shall not constitute a violation of the Stay in this bankruptcy case.

Wells Fargo Bank, N.A. and/or its successors and assigns may, at its option, offer, provide and enter into a potential forbearance agreement, loan modification, refinance agreement or other loan workout/loss mitigation agreement. The Movant may contact the Debtor(s) via telephone or written correspondence to offer such an agreement.

Source:  Leagle

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