First Federal Savings Bank v. Sierra (In Re Sierra)

ORDER

ENRIQUE S. LAMOUTTE, Chief Judge.

The matter pending before the Court is a “Motion Requesting Relief from the Automatic Stay” (11 USC § 362) filed by the First Federal Savings Bank, the movant herein, on the grounds that debtor’s, mortgage loan is in default. This matter was heard on November 24, 1986. The Court gave the parties ten days to file a Memorandum of Law, which they did accordingly-

Pursuant to the evidence submitted by the parties, the Court makes the following findings of fact and conclusions of law:

Findings of Fact

1. Debtors filed for bankruptcy relief on August 6, 1985.

2.…