Order Granting Debtors Motion To Value Real Property {CSD 1171.2} | Pdf Fpdf Docx | California

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Order Granting Debtors Motion To Value Real Property {CSD 1171.2} | Pdf Fpdf Docx | California

Last updated: 7/30/2018

Order Granting Debtors Motion To Value Real Property {CSD 1171.2}

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CSD 1171.2, ORDER GRANTING DEBTOR’S MOTION TO VALUE REAL PROPERTY, TREAT CLAIM AS UNSECURED AND AVOID JUNIOR LIEN, It is ordered that: 1. The Claim will be paid pursuant to the Plan as a non-priority general unsecured claim to the extent allowed. If Affected Lien Holder has not filed a proof of claim, and the deadline to file unsecured claims has expired, Affected Lien Holder has an extension of the deadline until 60 days after the date of entry of this order; 2. Upon completion of payments under the confirmed Plan, the Affected Lien will be deemed fully satisfied, and Affected Lienholder is required to reconvey and release the Affected Lien. If the Affected Lien Holder fails to release the Affected Lien within the time required by applicable state law, the Debtor may file a motion requesting an order to extinguish the Affected Lien; 3. If this case is dismissed or converted to chapter 7, the Affected Lien Holder will retain its lien for the full amount due under the corresponding note; 4. That Debtor’s counsel is authorized to add, in connection with Plan Confirmation, the guideline fee as reflected in the Rights and Responsibilities Statement for motions of this type and costs subject to proof. This determination is without prejudice to Debtor’s counsel’s right to seek additional fees through fee application. 5. Moving Party is directed to serve this order on the affected Lien Holder in the same manner used for service of the motion. www.FormsWorkflow.com

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