Opinion
Case No.: 07-14075-PM.
October 20, 2008
Edward V. Hanlon, Esquire, Attorney for Debtor.
Richard J. Rogers, Esquire, Cohn, Goldberg Deutsch, LLC, Towson, MD, Attorney for Movant. Notice Recipients Recipients of Notice of Electronic Filing: Recipients submitted to the BNC (Bankruptcy Noticing Center):
District/Off: 0416-0 User: mmaloneyr Date Created: 10/20/2008 Case: 07-14075 Form ID: pdfall Total: 5 tr Timothy P. Branigan cmecf@chapter13maryland.com aty Edward V. Hanlon bankruptcycenter@verizon.net aty Richard Rogers rrogers@cgd-law.com TOTAL: 3 db Michael O'Neal Stephenson 604 64th Place Capitol Heights, MD 20743 Aretha A. Stephenson 604 64th Place Capitol Heights, MD 20743 TOTAL: 2CONSENT ORDER AND STIPULATION MODIFYING AUTOMATIC STAY
Upon consideration of the foregoing Motion Seeking Relief from Automatic Stay, the parties having reached an agreement, and good cause having been shown, by the United States Bankruptcy Court for the District of Maryland.
ORDERED that the Automatic Stay be, and it is, hereby terminated, by default as to the Co-Debtor, and by Consent as to the Debtor, pursuant to 11 U.S.C. 362(d), to permit Movant, its assigns and/or successors, to commence foreclosure proceedings in the Circuit Court for Prince George's County, Maryland against the real property and improvement known as 604 64th Place, Capitol Heights, MD 20743 and that the successful purchasers shall take possession of the same; and be it further
ORDERED that the relief granted in the immediately proceeding paragraph be, and the same is hereby stayed, provided that the Debtor(s):
1. Resume(s) making regular monthly payments on November 1, 2008 of $1,981.57 or as adjusted for escrow changes and continue thereafter, as well as all other conditions and obligations under the terms of the Deed of Trust or Mortgage, and
2. Make(s) a payment of $1,454.38 for six (6) months beginning November 20, 2008 and continue through April 20, 2009. The total post-petition arrearage due from July, 2008 to October, 2008 is $8,726.28 which includes $650.00 bankruptcy legal fees and $150.00 filing fees.
Parties agree that upon satisfactory proof to Movant that any of the above post-petition arrears had been paid prior to today's date, Debtor's account will be credited and the arrearage payment will be lowered.
Payments should be mailed to:
HSBC Mortgage Services Inc.
636 Grand Regency Blvd
Brandon, FL 33510
Attn: Bankruptcy Department
Should the Debtor(s) fail to make any payment when due or should any payment be returned for insufficient funds, Movant shall file a Notice of Default with the Court. Said Notice shall provide copies to the Debtor(s) and Debtor(s)' attorney and allow the Debtor(s) ten (10) days from the date the Affidavit of Default is mailed to cure two (2) default(s) under this agreement. Any cure of an Affidavit of Default must be made in the form of a certified or cashier's check, or Western Union Quick Collect. No right shall be given to cure any ensuing default. In the event of a subsequent default and upon notice to Debtor(s), Debtor(s)' counsel and the Court the stay shall automatically terminate.
The ten (10) day stay of Bankruptcy Rule 4001(a)(3) is waived.
The parties agree that if the Debtor(s) converts this case to a Chapter 7, the Movant may immediately exercise all rights provided by the security instruments referenced in this Order and applicable state law.