In Re Petit

ORDER GRANTING RELIEF FROM STAY

ARTHUR N. VOTOLATO, Bankruptcy Judge. *

On November 18, 1994, a “final hearing” was held on P & M Associates’ Motion for Relief from the automatic stay. 1 Upon consideration of the evidence, the applicable law, and the arguments of counsel, we make the following findings and conclusions:

TRAVEL

1) On August 6, 1984, Catherine Duffy Petit executed a mortgage and note in the amount of $125,000 payable to BY Corporation.

2) The mortgage covered Petit’s real estate located at One Fourth Avenue, Old Orchard Beach, Maine.

3) On November 10, 1988, the mortgage was assigned…