Legal Opinion
Diversified Mortgage Investors v. Lake Tahoe Land Co. (In Re Lake Tahoe Land Co.)
United States Bankruptcy Court, D. Nevada
Decided May 25, 1980No. 19-10451PublishedCited by 20 opinions
1Opinion of the Court
IN PROCEEDINGS FOR REORGANIZATION UNDER CHAPTER 11
OPINION AND DECISION
BERT M. GOLDWATER, Bankruptcy Judge.
This is an action to vacate the automatic stay under 11 U.S.C. § 362(d) by the holder of a first deed of trust on vacant land at Lake Tahoe, Nevada, a part of which is forest land and part of which land has been subdivided into parcels for condominiums with street access and water and sewer connections.
On April 20, 1971, defendant-debtor borrowed $1,200,000 for five years from plaintiff (of which $1,061,210 was actually advanced) secured by a first deed of trust. The loan agreement…
2Cases cited4 opinions
- Metropolitan Life Ins. v. Murel Holding Corp.Court of Appeals for the Second Circuit · 1935
- Ferdie Sievers, Etc. v. Diversified Mortg.Nevada Supreme Court · 1979
- Canepa v. DurhamNevada Supreme Court · 1944
- Moore v. PrindleNevada Supreme Court · 1964
3Cited by20 opinions
- Bankers Life Insurance v. Alyucan Interstate Corp. (In Re Alyucan Interstate Corp.)United States Bankruptcy Court, D. Utah · 1981
- City National Bank v. San Clemente Estates (In Re San Clemente Estates)United States Bankruptcy Court, S.D. California · 1980
- In Re Hutton-Johnson Co., Inc.United States Bankruptcy Court, S.D. New York · 1980
- In Re Boca Development AssociatesUnited States Bankruptcy Court, S.D. New York · 1982
- Lincoln Bank v. High Sky, Inc. (In Re High Sky, Inc.)United States Bankruptcy Court, M.D. Pennsylvania · 1981
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