Legal Opinion
Resolution Trust Corp. v. Bopp
Court of Appeals of Kansas
Decided April 23, 1993No. 67,159PublishedCited by 3 opinions
1Opinion of the Court
Gernon, J.:
The trustees of the Perry M. Sharp Trust appeal a decision of the trial court which found that the Resolution Trust Coiporation (RTC) has a purchase money security interest in property that has priority over their judicial lien.
This case originated as a mortgage foreclosure action brought by Anchor Savings Association (Anchor) against Edward O. Bopp and H. Earlene Bopp. RTC was later substituted for Anchor.
On July 6, 1988, the Bopps secured a loan from Anchor in the amount of $146,850. The money was to be used to purchase property and construct a residence on that property pursuant…
2Cases cited4 opinions
- Westinghouse Electric Co. v. Vann Realty Co.Supreme Court of Missouri · 1978
- Syracuse Savings & Loan Ass'n v. HassNew York Supreme Court · 1929
- H. Freeman & Son v. Henry's, Inc.Supreme Court of Kansas · 1986
- Hand Trading Company v. DanielsCourt of Appeals of Georgia · 1972
3Cited by3 opinions
- Wells Fargo Bank, Minnesota, N.A. v. CommonwealthKentucky Supreme Court · 2011
- In Re Black Angus Holdings, LLCUnited States Bankruptcy Court, D. Kansas · 2010
- Resolution Trust Corp. v. BoppCourt of Appeals of Kansas · 1993