First Federal Bank of California v. Weinstein (In Re Weinstein)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
RUSSELL, Bankruptcy Judge.
Appellant First Federal Bank of California appeals an order by the bankruptcy court confirming appellees Norton and Joyce Weinstein’s First Amended Plan of Reorganization. We AFFIRM.
I. FACTUAL STATEMENT
In March 1991, appellant First Federal Bank of California (the “Bank”) loaned appel-lees Norton and Joyce Weinstein (“Debtors”) $1,000,000 with interest at a rate of 10.463 percent per annum. The loan was secured by a first deed of trust on Debtors’ residence, an ocean front condominium located in Santa Monica, California (the “residential property”). In…
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