Brown v. Bassett (In Re Bassett)

MEMORANDUM OPINION AND ORDER

ROLAND J. BRUMBAUGH, Bankruptcy Judge.

THIS MATTER came on for hearing on May 19, 1987, on the Motion For Relief From Stay filed by Walt Brown.

On April 23, 1986, nunc pro tunc April 16, 1986, the state court entered its Findings of Fact, Conclusions of Law and Order in a case between the Debtor and Mr. Brown. (See Exhibit 1).

In July, 1985, Brown and Bassett entered into a contract for the purchase of certain real property. It was not the usual vendor-vendee situation. The Debtor wanted to purchase from a third party two pieces of real property in Fort Collins,…