In re Frank

Ruling: 
Relief from stay granted to allow valid mortgage assignee to pursue settlement with debtor allowing for 12-month cure period.
Procedural posture: 
When a motion to lift the automatic stay was filed by a putative creditor, the trustee objected on the ground that the creditor in fact was not a valid assignee of the mortgage on debtor's residence and thus lacked standing to seek a lift of the stay. Debtor did not challenge standing.
Issue: 
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Consumer case opionion summary, case decided on March 08,2011, LexisNexis #0411-039