In Re Fazio

OPINION

EMIL F. GOLDHABER, Chief Judge:

The primary point for consideration in this chapter 7 case is whether we should grant a mortgagee’s motion for relief from the automatic stay imposed by 11 U.S.C. § 362(a) of the Bankruptcy Code. Since we find that the indebtedness secured by the property exceeds the value of the property, we will grant relief from the automatic stay.

The facts of this case are as follows: 1 The debtor owns four parcels of realty which are encumbered by a first mortgage to the Federal Loan Bank of Baltimore (“Federal”) in the amount of $327,245.03, a second mortgage to the…