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IN RE SHAPIRO

Bankruptcy No. 89-13772S.

109 B.R. 127 (1990)

In re Frederic A. SHAPIRO and Rosalie B. Shapiro, Debtors.

United States Bankruptcy Court, E.D. Pennsylvania.

January 4, 1990.

Attorney(s) appearing for the Case

H. Marvin Mercer, III, Pincus, Dubroff, Ganz, Lightman & Weiss, P.C., Philadelphia, Pa., for debtors.

Maureen R. Brown, Patterson & Weir, Philadelphia, Pa., for Liberty Bank.

Robert J. Hoelscher, Drinker, Biddle & Reath, Philadelphia, Pa., for Atlantic Financial Federal and Philadelphia Nat. Bank.

Joseph S. Ziccardi, Philadelphia, Pa., for Royal Bank.

Richard Miller, Spector, Cohen, Gadon & Rosen, and Timothy Gallogly, Philadelphia, Pa., for Jefferson Bank.

James J. O'Connell, Philadelphia, Pa., Asst. U.S. Trustee.

Lawrence J. Tabas, Philadelphia, Pa., for Cushman & Wakefield.

William F. Sadutti, Philadelphia, Pa., for Constitution Bank.

Rosetta B. Packer, Klehr, Harrison, Harvey, Branzburg & Ellers, Philadelphia, Pa., for Fidelity Bank, Nat. Ass'n.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

The instant motion by LIBERTY SAVINGS BANK (hereinafter referred to as "Liberty") for relief from the automatic stay to foreclose upon its security interest in a beachfront duplex owned by the Husband-Debtor, FREDERIC A. SHAPIRO (hereinafter "the Debtor"), located at 3104-06 Wesley Avenue, Ocean City, New Jersey (hereinafter "the Premises"), causes us to consider the validity, under applicable New Jersey law, of...

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