In re Gambler

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge.

This matter is presented to the Court upon a creditor’s complaint seeking modification of the automatic stay pursuant to 11 U.S.C. § 362. For reasons hereinafter given, we will modify the stay.1

The facts are as follows: the plaintiff Kennedy Mortgage Company2 (hereinafter, “Kennedy”) holds a mortgage on the residence of the debtors, Paul K. Gambler and Carol S. Gambler. The real estate is located at 201 Lockridge Lane, Alburtis, Pennsylvania. The Kennedy mortgage in the amount of $33,350.00 was recorded on June 15, 1979 in Lehigh County. The…