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GOINS v. DIAMOND MORTG. CORP.

Bankruptcy Nos. 89 B 15704, 89 A 0962.

119 B.R. 156 (1990)

In re Julane GOINS and Foley Goins, Plaintiffs, v. DIAMOND MORTGAGE CORPORATION, Defendant.

United States Bankruptcy Court, N.D. Illinois, E.D.

April 9, 1990.

Attorney(s) appearing for the Case

Robert J. Adams, Robert J. Adams & Associates, P.C., Chicago, Ill., for plaintiffs.

David J. Letvin, Letvin & Stein, Chicago, Ill., for defendant.

Jack McCullough, Chicago, Ill., trustee.

MEMORANDUM, OPINION, AND ORDER

FACTS

ROBERT E. GINSBERG, Bankruptcy Judge.

Julane and Foley Goins are the owners of a single family home. The home is their principal residence. Diamond Mortgage Corporation holds the mortgage on the home. At present, the Goins owe Diamond about $47,000 on the home. Diamond has no security for its loan to the Goins other than the Goins' home.

The Goins fell behind on their mortgage payments to Diamond, and...

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