In re: TIMOTHY J. REEVES a/k/a Tim Reeves a/k/a Timothy James Reeves, and MISTY KAY REEVES

STATES BANKRUPTCY COURT DISTRICT OF NEW MEXICO In re: TIMOTHY J. REEVES a/k/a Tim Reeves a/k/a No. 26-10145-j7 Timothy James Reeves, and MISTY KAY REEVES, Debtors. MEMORANDUM OPINION Debtors claimed a homestead exemption in real property that is the subject of a Lease to Purchase Contract (“Lease/Purchase Agreement”) with one of the Debtors’ parents. The chapter 7 trustee (“Trustee”) objected to the Debtors’ claim of homestead exemption, asserting that the Debtors may not claim a homestead exemption in real property that they do not own. In addition, the Trustee seeks to exercise the purchase…