National Institutes of Health Federal Credit Union v. Moore (In Re Moore)

FINDINGS OF FACT AND CONCLUSIONS OF LAW ON COMPLAINT OF NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION TO LIFT STAY

FINDINGS OF FACT

GLENN J. GOLDBURN, Bankruptcy Judge.

The debtors own a parcel of real property in Montgomery County, Maryland which is encumbered by three deeds of trust totall-ing approximately $139,000.00. They defaulted on their obligation to the second trust holder, a credit union, which accelerated its note and instituted foreclosure proceedings. After duly advertising the foreclosure sale, the property was purchased at public auction by the credit union on March 28,1980…