Teresa L Redman

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UNITED STATES BANKRUPTCY COURT
DISTRICT OF NEW MEXICO
In re: 	Teresa L. Redman, xxx-xx-7289, 	No. 13-09-15974 JA
Debtor.
STIPULATED AND DEFAULT ORDER GRANTING MOTION TO COMPEL
ABANDONMENT OF PROPERTY
THIS MATTER came before the Court on the Debtor’s Motion to Compel Abandonment
of Property ("Motion") (Doc. 51) requesting that the Court compel the Chapter 13 Trustee to
abandon the Debtor’s interest in real property located at 1735 Brenda Road SE, Rio Rancho, NM
87124. The Court, noting the stipulation of the Chapter 13 Trustee and being fully advised in the
premises, hereby finds:
1. 	The Chapter 13 petition was filed on December 30, 2009. The Chapter 13 Plan
was filed December 30, 2009 (the “Plan”)(Doc. No. 4) and an Order Confirming the Plan was
entered February 5, 2010 (the “Order Confirming”)(Doc. No. 25). The Motion was filed
February 28, 2012.
2. 	Notice of the Motion (“Notice”) was mailed on February 28, 2012 to all parties
listed on the Motion including, but not limited to, BAC Home Loans Servicing, according to the
certificate of service attached to the Notice. The Notice was filed with the Court on February 28,
2012 (Doc. 52).
3. 	Objections to the relief requested in the Motion were required to be filed on or
before March 23, 2012, including 3 days for mailing. On March 8, 2012, BAC Home Loans
Servicing filed an Entry of Appearance (Doc. No. 53) but did not otherwise file an objection or
responsive pleading. On March 20, 2012, the Chapter 13 Trustee filed an objection to the
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Motion (Doc. No. 54). No other objections were filed, timely or otherwise. The trustee’s
objection is resolved below.
4. 	As a party in interest, Debtor represents, pursuant to 11 U.S.C. § 554(b), that the
Collateral is of inconsequential value and benefit to the estate since the value of Debtor’s interest
in the collateral is not greater than the liens upon it.
5. 	The Motion and stipulations are well-taken and should be approved.
IT IS THEREFORE ORDERED, ADJUDGED AND DECREED that:
The Motion is granted. The Chapter 13 Trustee shall abandon Debtor’s interest in the
property of the estate located at 1735 Brenda Road SE, Rio Rancho, NM 87124 for the sole
purpose of entering into an arm’s length short sale transaction. To the extent that funds
recovered from the sale exceed the Debtor’s claimed exemptions in the property, such funds
shall be paid into the Chapter 13 Plan as an extra plan payment within 30 days of their receipt.
_______________________________________
THE HONORABLE ROBERT H. JACOBVITZ
UNITED STATES BANKRUPTCY JUDGE
Entered on docket: 4/12/2012
Submitted by:
HUNT & DAVIS, P.C.
Approved
Chris W. Pierce
Leslie D. Maxwell
2632 Mesilla St. NE
Albuquerque, NM 87110
(505) 881-3191 phone
(505) 881-4255 fax
ATTORNEY FOR DEBTOR
Approved By:
/s/submitted electronically/ks/4/11/12
Kelley L. Skehen, Esq.
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625 Silver Ave. Suite 350
Albuquerque, NM 87102
Phone (505) 243-1335
Fax (505) 247-2709
Chapter 13 Trustee
Copy to:
 	James C Jacobsen 	jjacobsen@nmag.gov
 	LeNatria Holly Jurist 	ljurist@cmsls.com, ersmith@cmsatty.com
 	Dean R Prober 	cmartin@pprlaw.net
 	D.Renae Richards-Charney 	kwallen@cmsatty.com;ersmith@cmsatty.com
 	B. Kay Shafer 	bksoffice@earthlink.net
 	Kelley L. Skehen 	opmgr@ch13nm.com,
cmecf@swcp.com;courtemailbu@ch13nm.com
 	United States Trustee 	ustpregion20.aq.ecf@usdoj.gov
Chris W. Pierce
Attorney for Debtor
2632 Mesilla St. NE
Abuquerque, NM 87190
Teresa L. Redman
1709 Cortina Loop SE
Rio Rancho, NM 87124
BAC Home Loans Servicing, L.P. fka Countrywide Home Loans Servicing, L.P.
2380 Performance Dr. Bldg C Mail Stop: RGV-C-32
Richardson, TX 75082
GE Money Bank c/o Recovery Management Systems Corporation
25 SE 2nd Avenue, Suite 1120
Miami, FL 33131-1605
PRA Receivables Management, LLC
PO Box 41067
Norfolk, VA 23541
F:\clients\6000\6100\071\PLD\20120403 Order Granting Mtn to Compel Abandonment.doc
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