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IN RE BERNARDES

No. 99-53710.

267 B.R. 690 (2001)

In re Alvaro Silva BERNARDES, Debtor.

United States Bankruptcy Court, D. New Jersey.

October 12, 2001.

Attorney(s) appearing for the Case

Joel A. Ackerman, Zucker, Goldberg & Ackerman, Mountainside, NJ, for Old Republic Insured Financial Acceptance Corporation.

William H. Oliver Jr., Asbury Park, NJ, for Debtor.

OPINION

RAYMOND T. LYONS, Bankruptcy Judge.

The Chapter 13 debtor filed a post-confirmation motion to sell his residence for $202,500.00. The debtor's Chapter 13 petition, which was filed nearly sixteen months before the motion, valued the residence at $114,500. The debtor's plan also incorporated this valuation. Old Republic Insured Financial Acceptance Corporation (hereinafter "Old Republic"), a third-mortgagee whose secured claim was crammed-down...

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