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IN RE METROPOLITAN MORTGAGE SECURITIES CO., INC. (Bankr.E.D.Wash. 2005)

United States Bankruptcy Court, E.D. Washington.
Jan 13, 2005
ORDER ESTABLISHING MINIMUM SALES PRICES AND AUTHORIZING SALE OF RESIDUAL CERTIFICATES

PATRICIA WILLIAMS, Chief Judge, Bankruptcy

THIS MATTER having come on regularly for hearing upon the Motion (the ("Motion") of Metropolitan Mortgage Securities Co., Inc. ("Metropolitan") and Summit Securities, Inc. ("Summit"), by and through their respective counsel, for an Order Establishing Minimum Sales Prices And Authorizing Sale Of Residual Certificates (the "Order") in accordance with the terms set forth in the Motion, and the Court having reviewed said Motion and the supporting Declaration of Maggie Lyons, the Court being fully advised in the premises, and the Court having determined that good cause exists for the relief requested in the Motion; NOW THEREFORE,

IT IS HEREBY ORDERED that Metropolitan, without further notice to creditors, is authorized to sell the Metropolitan Asset Funding, Inc. II, Mortgage Pass-Through Certificates, Series 1999-B, Class R Certificate, at a minimum sales price of $250,000.00.

IT IS FURTHER ORDERED that Metropolitan, without further notice to creditors, is authorized to sell the Metropolitan Asset Funding, Inc. II, Mortgage Pass-Through Certificates, Series 1999-D, Class R Certificate, at a minimum sales price of $300,000.00.

IT IS FURTHER ORDERED that Summit, without further notice to creditors, is authorized to sell the Series 1998-B Class B-2 Residual Certificate at a minimum sales price of $650,000.00.