Tosado v. Banco Popular de P.R. (In re Rios)

Ruling: 
Unrecorded mortgage liens fell within perfection of property interest exception to stay.
Procedural posture: 
Debtors brought an adversary proceeding pursuant to 11 U.S.C.S. §§ 544(a), 547(b), 549. The proceeding was before the court upon debtors' motion for summary judgment. Creditor filed a cross-motion for summary judgment.
Issue: 
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Consumer case opionion summary, case decided on November 20,2009, LexisNexis #0410-078