C. C. & S. Properties v. Bloess (In re Bloess)

MEMORANDUM OF OPINION

On April 28, 1980 a Chapter 13 ease was filed, due hearings were held and a Plan was confirmed.

On June 12, 1980 that Plan, among other things, provided that arrearages against the secured creditors debts to the debtors residence should be brought current within 6 months of the date of confirmation of the Plan.

On May 13, 1980 there was filed a complaint to modify the Stay by C. C. & S. Properties against the debtor requesting the allowance of foreclosure to the second deed of trust holder. Due hearings were held, and at the hearing on July 10, 1980, there appeared to be a question in relation to the amounts necessary to bring the deed of trust current, and it was stipulated that the automatic stay could remain in effect until the Court made a decision on the issues of foreclosure. It was contemplated that there might be further hearings in relation to the exact amount required to be paid to bring the security current. The current matter before this Court is the question of whether or not foreclosure can be allowed at this time.

From the facts presented, the Court finds that there is an approximate $60,000 first deed of trust and an approximate $30,000…