In Re Paolino

OPINION

EMIL F. GOLDHABER, Chief Judge:

The issue for consideration is whether we should grant a secured creditor’s motion for relief from the automatic stay under 11 U.S.C. § 362(d)(2) of the Bankruptcy Code (“the Code”) in order to allow it to foreclose on several properties owned by the debtors. For the reasons set forth below, we will grant the motion for relief from the automatic stay.

The facts of this case are as follows: 1 In April, 1979, Home Unity Savings and Loan Association (“Home Unity”) loaned the debtors, Richard and Elaine Paolino (“the Paolinos”), $400,000.00, secured by a…