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IN RE RESIDENTIAL CAPITAL, LLC

Case No. 12-12020 (MG) Jointly Administered.

517 B.R. 462 (2014)

IN RE: RESIDENTIAL CAPITAL, LLC, et al. Debtors.

United States Bankruptcy Court, S.D. New York.

Signed October 6, 2014.

Attorney(s) appearing for the Case

Frank Reed, Pro Se, 817 Matlack Drive, Moorestown, New Jersey 08057, By: Frank Reed.

Reed Smith LLP, Attorneys for ResCap Borrower Claims Trust, Princeton Forrestal Village, 136 Main Street, Suite 250, Princeton, New Jersey 08540, By: Diane A. Bettino, Esq., Barbara K. Hager, Esq.

Morrison & Foerster LLP, Attorneys for ResCap Borrower Claims Trust, 250 West 55th Street, New York, New York 10019, By: Norman S. Rosenbaum, Esq., Jordan A. Wishnew, Esq., Meryl L. Rothchild, Esq.

MEMORANDUM OPINION AND ORDER DETERMINING THE AMOUNT OF ALLOWED CLAIM OF FRANK AND CHRISTINA REED

MARTIN GLENN, UNITED STATES BANKRUPTCY JUDGE

This is a case involving, on the one hand, seemingly undeserving borrowers — who have not paid their mortgage, property taxes, or homeowners' insurance for over seven years but continue to occupy their home — and, on the other, a loan servicer that was willing to cut corners and ignore applicable...

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