Western & Southern Life Insurance v. Soderlund (In Re Soderlund)

OPINION AND ORDER

KINNEARY, District Judge.

This matter is before the Court on an appeal by appellant Western and Southern Life Insurance Company from an order entered by the bankruptcy court on October 22, 1980.

A

The facts relevant to this appeal, as set out in appellant’s brief, are not in dispute. 1

On June 9, 1976, the appellees, Mark E. Soderlund and Carol J. Soderlund, purchased a parcel of residential real property at 451 Denwood Court, Gahanna, Ohio for use as their principal residence. They financed this purchase with a FHA insured mortgage loan in the amount of $34,750.00 from Yerke…