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IN RE PAOLINO

Bankruptcy No. 85-00759G.

68 B.R. 416 (1986)

In re Richard G. PAOLINO and Elaine M. Paolino, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

December 31, 1986.

Attorney(s) appearing for the Case

Andrew N. Schwartz, Jonathan H. Ganz, Pincus, Verlin, Hahn & Reich, Philadelphia, Pa., for debtors, Richard G. Paolino and Elaine M. Paolino.

Arthur W. Lefco, Mesirov, Gelman, Jaffe, Cramer & Jamieson, Philadelphia, Pa., for Home Unity Savings & Loan Ass'n.

Herbert Brener, Philadelphia, Pa., trustee.

Michael H. Reed, Pepper, Hamilton & Scheetz, Philadelphia, Pa., for trustee, Herbert Brener, Esquire.

OPINION

EMIL F. GOLDHABER, Chief Judge:

The issue for consideration is whether we should grant a secured creditor's motion for relief from the automatic stay under 11 U.S.C. § 362(d)(2) of the Bankruptcy Code ("the Code") in order to allow it to foreclose on several properties owned by the debtors. For the reasons set forth below, we will grant the motion for relief from the automatic stay.

The facts of this case are as follows:

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