Guam § 1909 - Special Administrator May Pay Lien Charges on Estate

§ 1909. Special Administrator May Pay Lien Charges on Estate

Property in Order to Avoid Foreclosure; Procedure.

If any property of the estate which is in the charge of a special

administrator is subject to a mortgage or lien, to secure the payment of

money, and there is danger that the holder of the security may enforce or

foreclose the same, and the property exceeds in value the amount of the

obligation thereon, then, upon petition of the special administrator, or of

any person interested in the estate, and upon such notice as the Superior

Court of Guam shall deem proper, the Superior Court of Guam may

authorize or direct the special administrator to pay the interest due or any

part of the amount so secured. The order may also direct that interest not

yet accrued be paid as it becomes due, and such order shall remain in

effect and cover such future interest unless and until for good cause set

aside or modified by the Superior Court of Guam upon petition and

notice substantially similar to that hereinabove provided.