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IN RE AMERICAN BUSINESS FINANCIAL SERVICES, INC.

Bankruptcy No. 05-10203 (MFW), Adversary No. A-06-50826 (MFW).

362 B.R. 149 (2007)

In re AMERICAN BUSINESS FINANCIAL SERVICES, INC., et al., Debtors. George L. Miller, Trustee, Plaintiff, v. Greenwich Capital Financial Products, Inc., Ocwen Loan Servicing, LLC, Wells Fargo Bank, N.A., Law Debenture Trust Company, of New York, The Berkshire Group LP, Michael W. Trickey, Defendants.

United States Bankruptcy Court, D. Delaware.

February 13, 2007.

Attorney(s) appearing for the Case

Elio Battista, Jr., Elizabeth A. Wilburn, Jason W. Staib, Blank Rome LLP, Kathleen Campbell Davis, Campbell & Levine LLC, William E. Chipman, Jr., Edwards Angell Palmer & Dodge, Wilmington, DE, for Debtors.

John T. Carroll, III, Cozen O'Connor, Wilmington, DE, Shannon D. Leight, Ciardi & Ciardi, P.C., Teresa Janine Tabah, Philadelphia, PA, for Trustee.

David Dormont, Steven M. Coren, Kaufman, Coren & Ress, P.C., Deirdre. Richards, Obermayer, Rebmann, Maxwell Hippel LLP, Philadelphia, PA, for Trustee, Plaintiff.

Bruce Grohsgal, Pachulski, Stang, Ziehl Young & Jones, Curtis S. Miller, Morris Nichols Arsht & Tunnell, Frederick Brian Rosner, Duane Morris LLP, Francis A. Monaco, Jr., Kevin J. Mangan, Monzack and Monaco, P.A., Chad Joseph Toms, Linda Richenderfer, Bifferato Gentilotti & Balick, LLC, Wilmington, DE, Adam J. Safer, Joel M. Miller, Matthew Z. Krusko, Miller & Wrubel PC, New York, NY, for Defendants.

OPINION1

MARY F. WALRATH, Bankruptcy Judge.

Before the Court is the Motion of Ocwen Loan Servicing, LLC ("Ocwen") for dismissal of the above-captioned complaint against it. For the reasons set forth below, the Court will grant the motion in part.

I. BACKGROUND

American Business Financial Services, Inc. ("the Debtor") and its subsidiaries operated as a financial services organization that originated...

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