In re Jordan (03-50422)

Due to unavoidable financial distress, the debtors defaulted on a strict compliance order with respect to their mortgage. Prior to the default, they had complied with the order for 20 months. The order placed no limit on the duration of strict compliance. Although the Court generally grants stay relief upon strict compliance default, it may decline to do so in certain circumstances, such as those in this case ,when strict compliance is required beyond 18 months.

Friday, November 17, 2006