First Federal Savings & Loan Ass'n of Warner Robbins v. Standard Building Associates, Ltd.

ORDER

ORINDA D. EVANS, District Judge.

This bankruptcy action is before the court pursuant to an appeal taken by First Federal Savings & Loan Association, (“First Federal”) of the bankruptcy court’s order setting aside a foreclosure of the Standard Building Limited Partnership’s main asset, a piece of commercial real estate known as the Standard Building.

The bankruptcy court’s findings of fact can be briefly summarized as follows. Appellant, First Federal, held a $2,000,000 mortgage on the Standard Building. The Standard Building Associates Ltd. (hereinafter “Debtor”) was behind in its mortgage…