IN MATTER OF CORBIN (Bankr.D.Md. 1-29-2010)


IN THE MATTER OF: Robert Marlon Corbin, aka Robert M. Corbin Chapter 13, DEBTOR(S) HSBC Mortgage Services, Inc. MOVANT v. Robert Marlon Corbin, aka Robert M. Corbin Dana L. Corbin, non filing codebtor RESPONDENT(S).

Case No.: 09-18869-PM.United States Bankruptcy Court, D. Maryland.
January 29, 2010

CONSENT ORDER AND STIPULATION MODIFYING AUTOMATIC STAY
PAUL MANNES, Bankruptcy Judge

Upon consideration of the foregoing Motion Seeking Relief from Automatic Stay, the parties having reached an agreement, and good cause having been shown, by the United States Bankruptcy Court for the District of Maryland.

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ORDERED that the Automatic Stay be, and it is, hereby terminated, by default as to the Co-Debtor, and by Consent as to the Debtor, pursuant to 11 U.S.C. 362(d), to permit Movant, its assigns and/or successors, to commence foreclosure proceedings in the Circuit Court for Charles County, Maryland against the real property and improvement known as 1 King James Place, Waldorf, MD 20602 and that the successful purchasers shall take possession of the same; and be it further

ORDERED that the relief granted in the immediately proceeding paragraph be, and the same is hereby stayed, provided that the Debtor(s):

1. Resume(s) making regular monthly payments on February 1, 2010, of $1456.80 plus escrow or as adjusted for escrow changes and continue thereafter, as well as all other conditions and obligations under the terms of the Deed of Trust or Mortgage, and

2. The account will be brought post-petition current by putting the arrears at the end of the loan, in the amount of $15,224.85 which consist of payments from July 2009 to January 2010. Attorneys fees in the amount of $550.00, filing fees in the amount of $150.00 minus $8.93 in borrowers suspense.

Debtor qualifies for a Hardship Loan Modification and was approved bringing the interest rate to 5.25 for the length of the Bankruptcy effective February 1, 2010. However, the Debtor must remain current on the regular mortgage payments of $1456.80 plus escrow starting February 1, 2010.

[] Parties agree that upon satisfactory proof to Movant that any of the above post-petition arrears had been paid prior to today’s date, Debtor’s account will be credited and the arrearage payment will be lowered.

Payments should be mailed to:

HSBC Mortgage Services Inc.
636 Grand Regency Blvd
Brandon, FL 33510
Attn: Bankruptcy Department

Should the Debtor(s) fail to make any payment when due or should any payment be returned for insufficient funds, Movant shall file a Notice of Default with the Court. Said Notice shall provide copies to the Debtor(s) and Debtor(s)’ attorney and allow the Debtor(s) ten (10) days from the date the Affidavit of Default is mailed to cure two (2) default(s) under this agreement. Any cure of an Affidavit of Default must be made in the form of a certified or cashier’s check, or Western Union Quick Collect. No right shall be given to cure any ensuing default. In the event of a subsequent default and upon notice to Debtor(s), Debtor(s)’ counsel and the Court the stay shall automatically terminate.

The ten (10) day stay of Bankruptcy Rule 4001(a)(3) is waived.

The parties agree that if the Debtor(s) converts this case to a Chapter 7, the Movant may immediately exercise all rights provided by the security instruments referenced in this Order and applicable state law.

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Edward V. Hanlon, Esquire, Attorney for Debtor.

Richard J. Rogers, Esquire, Cohn, Goldberg Deutsch, LLC, Towson, MD, Federal Bar #: 01980 (MD), Attorney for Movant.

Notice Recipients

District/Off: 0416-0 User: ckearney Date Created: 1/29/2010

Case: 09-18869 Form ID: pdfparty Total: 6

Recipients of Notice of Electronic Filing:

tr Timothy P. Branigan cmecf@chapter13maryland.com

aty Edward V. Hanlon bankruptcy-courts@verizon.net
TOTAL: 2

Recipients submitted to the BNC (Bankruptcy Noticing Center):

db Robert Marlon Corbin 1 King James Pl Waldorf, MD 20602

Robert Marlon Corbin aka Robert M. Corbin 1 King James Place Waldorf, MD 20602
Cohn, Goldberg Deutsch, LLC600 Baltimore Avenue, Suite 208 Towson, MD 21204
Dana L. Corbin 1 King James Place Waldorf, MD 20602
TOTAL: 4