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Order On Motion To Avoid Junior Lien On Principal Residence Form. This is a California form and can be use in USBC Central Federal.
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Tags: Order On Motion To Avoid Junior Lien On Principal Residence, F 4003-2.4.JR.LIEN.ORDER, California Federal, USBC Central
223Bankruptcy Code224 and 22311 U.S.C.224 refer to the United States Bankruptcy Code, Title 11 of the United States Code. 223FRBP224 refers to the Federal Rules of Bankruptcy Procedure. 223LBR224 and 223LBRs224 refer to the Local Bankruptcy Rule(s) of this court. This form is optional. It has been approved for use by the United States Bankruptcy Court for the Central District of California. December 2017 Page 1 F 4003-2.4.JR.LIEN.ORDER Attorney or Party Name, Address, Telephone & FAX Numbers, State Bar Number & Email Address FOR COURT USE ONLY Debtor(s) appearing without attorney Attorney for: UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA 226 NAME OF DIVISION In re: CASE NUMBER: CHAPTER 13 ORDER GRANTING DENYING DEBTOR222S MOTION TO AVOID JUNIOR LIEN ON PRINCIPAL RESIDENCE [11 U.S.C. 247 506(d)] DATE: TIME: COURTROOM: ADDRESS: Debtor(s). Creditor Holding Junior Lien (name): 1.The Motion was: Opposed Unopposed Settled by stipulation 2.The Motion affects the junior trust deed(s), mortgage(s), or other lien(s) (Subject Liens) encumbering the real property(Collateral) described in the Motion, which is the principal residence of Debtor. 3. Motion granted as set forth in the Attachment to this order. This form is optional. It has been approved for use by the United States Bankruptcy Court for the Central District of California. December 2017 Page 2 F 4003-2.4.JR.LIEN.ORDER 4. Motion denied on the following grounds: with prejudice without prejudice a. Based upon the findings and conclusions made on the record at the hearing b. Unexcused non-appearance by Movant c. Lack of proper service d. Lack of evidence supporting motion 5. The court further orders as follows (specify): See attached page ### This form is optional. It has been approved for use by the United States Bankruptcy Court for the Central District of California. December 2017 Page 3 F 4003-2.4.JR.LIEN.ORDER ATTACHMENT TO MOTION/ORDER (11 U.S.C. 247 506: VALUATION/LIEN AVOIDANCE) This court makes the following findings of fact and conclusions of law: 1.Creditor Lienholder/Servicer: .2.Subject Lien: Date (specify) and place (specify): of recordation of lien; Recorder's instrument number and/or document recording number: .3.Collateral: a.Real property (street address, legal description or map/book/page number, including county of recording):. See attached page. b.Other collateral: . See attached page. 4.Secured Claim Amount Determinationa. Value of Collateral: 205205205205205205205205205205205205205205205205205205205205205205205205205205205205205 $ b.Amounts of Senior Liens (reducing equity in the property to which the Subject Lien can attach):(1) First lien: 205205205205205205205205205205205205205205205.205205205.. ($) (2) Second lien: 205205205205205205205205205205205205205205205205205. ($) (3) Third lien: 205205205205.205205205.205205205205205205205205205205205 ($) (4) Additional senior liens (attach list): 205205205205205205205. ($) Subtotal: 205205205..205205205205205205205205205205205205205205205205205205205205205205205205205205205. ($) c.Secured Claim Amount (negative results should be listed as -$0-): $ Unless otherwise ordered, any allowed claim in excess of this Secured Claim Amount is to be treated as a nonpriority unsecured claim and is to be paid pro rata with all other nonpriority unsecured claims in Class 5A of the Plan. 5.Lien avoidance: Debtor222s request to avoid the Subject Lien is granted as follows. The effective date of avoidance ofthe Subject Lien (Lien Avoidance Effective Date) will be upon: completion of the Chapter 13 Plan, or receipt of a Chapter 13 discharge in this case. 6.Retention of lien until avoidance: The Creditor Lienholder will retain the Subject Lien for the full amount due underthe corresponding note and deed of trust, mortgage or lien if the Debtor's chapter 13 case is dismissed or convertedto any other chapter under the Bankruptcy Code, or if the Collateral is sold or refinanced, prior to the Lien AvoidanceEffective Date. 7.Retention of rights upon foreclosure of other lien: In the event that the holder of any other lien on the Collateralforecloses on its interest and extinguishes the Creditor Lienholder/Servicer222s lien rights prior to the Lien AvoidanceEffective Date, the Creditor Lienholder222s lien shall attach to any proceeds greater than necessary to pay the seniorlien(s) from the foreclosure sale. See attached page(s) for more liens/provisions.