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IN RE RENAISSANCE RESIDENTIAL DEV. ASSOC.

Bankruptcy No. 891-83816-478.

146 B.R. 68 (1992)

In re RENAISSANCE RESIDENTIAL DEVELOPMENT ASSOCIATES, a New York Limited Partnership, Debtor.

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

October 23, 1992.

Attorney(s) appearing for the Case

Philip Irwin Aaron, P.C., Philip Irwin Aaron, Syosset, N.Y., for Marvin and Stanley Gerla.

Robinson Silverman Pearce Arohnson & Berman, Robert A. Wolf, New York City, for Crossland Federal Sav. Bank by F.D.I.C. as conservator.

Marc Stuart Goldberg & Associates, New York City, for debtor.

Scott Y. Stuart, Garden City, N.Y., Office of U.S. trustee.

DOROTHY EISENBERG, Bankruptcy Judge.

Marvin and Stanley Gerla (the "Gerlas") brought on the instant Order to Show Cause seeking to stay a foreclosure sale scheduled by Crossland Federal Savings Bank ("Crossland") of a second mortgage (the "Second Mortgage") which was pledged to Crossland by the Gerlas as collateral security for a loan in the amount of $750,000.00. Crossland has made a cross-motion to stay a foreclosure sale scheduled by the Gerlas of the Second Mortgage...

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