Lowell Development & Finance Corp. v. Winter Hill Bank, FSB (In re Natale)

MEMORANDUM

JOAN N. FEENEY, Bankruptcy Judge.

I. INTRODUCTION

The matters before the Court are Cross-Motions for Summary Judgment with respect to the “First Amended Complaint to Determine the Nature and Validity of Lien” filed by Lowell Development and Finance Corporation (“LDFC”). Through its Complaint and Motion for Summary Judgment, LDFC seeks a declaratory judgment that its second mortgage on property located at 338 Market Street in Lowell, Massachusetts has priority over the deficiency claim of the defendant, Winter Hill Bank, with respect to obligations secured by its first mortgages on…