United States First Circuit
Canning v. Beneficial Maine, Inc., 12-9002
In bankruptcy proceeding, judgment finding no discharge injunction violation in defendants' refusal to either foreclose or release the mortgage lien on the plaintiffs' residence is affirmed, where: 1) defendant offered to release its lien through either a settlement offer or a short sale indicating an intent to collect no more than the value secured by the underlying lien, as well as a willingness to negotiate a palatable solution for all involved; 2) the records show no evidence showing that the alternatives defendants proposed were unfeasible; and 3) the collateral here has value that may increase over time.
Appellate Information
- Decided 02/01/2013
- Published 02/01/2013
Judges
- TORRUELLA
Court
- United States First Circuit