IN RE NEAL

Bankruptcy No. 08-57254-R. Adversary No. 08-5147.

406 B.R. 288 (2009)

In re Nathaniel and Carol Ann NEAL, Debtors. Wendy Turner Lewis, Trustee, Plaintiff, v. Public Service Credit Union, Defendant.

United States Bankruptcy Court, E.D. Michigan, Southern Division.

June 18, 2009.


Attorney(s) appearing for the Case

H. Robert Pierce, Royal Oak, MI, for Debtors.

Elias T. Majoros, Hannah Mufson McCollum, Southfield, MI, for Plaintiff.

Karen L. Rowse-Oberle, St. Clair Shores, MI, for Defendant.


Opinion on Cross-Motions for Summary Judgment

STEVEN RHODES, Bankruptcy Judge.

I.

On June 13, 2005, the debtors, Nathaniel and Carol Ann Neal, obtained a $20,000 loan from Public Service Credit Union ("PSCU"). To secure the loan, they executed a mortgage on their residential property, located at 7950 Hathon, Detroit, Michigan. The original mortgage was never recorded.

On April 16, 2008,...

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