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IN RE GARSAL REALTY, INC.

Bankruptcy No. 88-01562.

98 B.R. 140 (1989)

In re GARSAL REALTY, INC., Debtor.

United States Bankruptcy Court, N.D. New York.

February 17, 1989.

Attorney(s) appearing for the Case

Harter, Secrest & Emery, Rochester, N.Y., for debtor (Larry Scheafer, of counsel).

Green & Seifter, P.C., Syracuse, N.Y., for Federal Home Loan Mortg. Corp. (Robert K. Weiler and Virginia A. Hoveman, of counsel).

Richard Croak, Office of U.S. Trustee, Albany, N.Y.

MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

STEPHEN D. GERLING, Bankruptcy Judge.

This contested matter comes before the Court on the motion of the Federal Home Loan Mortgage Corporation ("Freddie Mac") to modify the automatic stay imposed by § 362 of the Bankruptcy Code, 11 U.S.C. §§ 101-1330 (West 1979 & Supp. 1989) ("Code"), permitting Freddie Mac to continue a previously commenced mortgage foreclosure proceeding...

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