Mildred Charles

IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF MARYLAND
at Greenbelt
In re: 	Case No. 08-19041PM
Chapter 13
Mildred Charles,
Debtor.
MEMORANDUM OF DECISION
This matter came before the court on the unopposed "Debtor's Motion to Avoid
Lien of Principal Residence Pursuant to 11 U.S.C. § 506." The Motion will be denied.
The Debtor asserts that Lendmark Financial Services, Inc., the holder of the
second deed of trust against the Debtor's property located at 13107 Ripon Place Upper
Marlboro, MD 20772, in the approximate amount of $31,338.31, is wholly unsecured
and avoidable. First Franklin c/o Home Loan Services, the holder of the first deed of
trust, is said to be owed approximately $281,172.19. As evidence of the $279,075.00
value assigned by the Debtor to the property, the Debtor refers to sales of four
properties. This information was obtained from the records of the Maryland
Department of Assessments and Taxation and was filed by the Debtor as an
attachment to the Motion. The court, however, will rely upon the tax assessed value
calculated by the Maryland Department of Assessments and Taxation as of January 1,
2008, of $293,420.00, rendering the lien of Lendmark Financial Services, Inc. partially
secured.
An appropriate order will be entered.
Date signed October 13, 2008
Entered: October 14, 2008 Case 08-19041 Doc 46 Filed 10/14/08 Page 1 of 2

cc: 	Debtor
Debtor's Counsel
Lendmark Financial Services, Inc.
Lendmark Financial Services, Inc. - Counsel
Chapter 13 Trustee
United States Trustee
End of Memorandum
Case 08-19041 Doc 46 Filed 10/14/08 Page 2 of 2