- 11 U.S.C.
In re 4th St. E. Investors Inc.
Jun
29
2012
Ruling
Relief from stay granted due to debtor's transfer of property for little or no consideration to delay foreclosure.
Procedural posture
Movant, the mortgagee foreclosing upon the subject parcel of real property, sought in rem relief from the purported conveyance of the real property from the transferor obligated on the mortgagee's note and mortgage to the present debtor, for little or no consideration, apparently for the purpose of hindering and delaying the mortgagee's foreclosure action by making it subject to the debtor's automatic stay.
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Court
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