Hunt v. Federal Deposit Insurance (In Re Hunt)

MEMORANDUM OPINION

EDWARD J. RYAN, Bankruptcy Judge.

In December, 1981, John Wilmont Hunt (“plaintiff”) accepted a position of employment with STM Corporation. He was to begin work on March 1, 1982. Mr. Hunt’s new job required the relocation of his wife, Ann Fisher Hunt (“plaintiff”), and his two children, from their residence in Midland, Texas, to Houston, Texas.

Plaintiffs immediately placed their Midland home on the market and started searching for a home in Houston. In early February, 1982, plaintiffs found a suitable house for the family. The purchase price of the Houston home was $228,750…