the property — i.e., of the lien — and that value can only reflect what the creditor would be entitled to recover from the collateral under non-bankruptcy law. Thus, if the collateral is shbject to the Uniform Commercial Code, the creditor’s interest would reflect what it could recover from a commercially reasonable sale under the U.C.C.; if real estate, then from a foreclosure sale, perhaps with some value added if the creditor has the right and the wherewithal to bid-in, hold and resell the property on the open market. See, e.g., In re Tenney Village Co., 104 B.R. 562, 567 (Bankr.D.N.H.1989) (valuing property at fair market value because mortgage holder had ability to bid in and obtain fair market value through later private sales); In re Robbins, 119 B.R. 1, 5-6 (Bankr.D.Mass.1990) (<HOLDING>); see generally James F. Queenan, Jr.,
recognizing second mortgage holders bidin rights but declining to ascribe any value to them where circumstances make it unreasonable to expect creditor to exercise them holding entities created by statute can only exercise the powers granted to them by the legislature recognizing that jurors have the right to reject that part of the evidence believed by them to be untrue and to accept that found by them to be true holding claims waived for failure to develop them recognizing authority but declining to issue writ