Gray v. Bank of Am. (In re Gray)

Default judgment in proceeding to strip lien due to valuation issues.
Procedural posture: 
Plaintiffs, debtors in two chapter 13 cases, filed complaints against defendant creditors seeking to strip off subordinate deeds of trust from their homes. The creditors, both lenders, did not defend the suits. Both debtors filed motions for default judgments pursuant to Fed. R. Bankr. P. 7055, which incorporated Fed. R. Civ. Proc. 55(b)(2).
ABI Membership is required to access the full summary of Gray v. Bank of Am. (In re Gray). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Consumer case opionion summary, case decided on January 15,2010, LexisNexis #0310-059