Cameron v. Faszer Bros. & Sons, Inc. (In Re Faszer Bros. & Sons, Inc.)

MEMORANDUM OPINION

C.E. LUCKEY, Bankruptcy Judge.

Defendant was in the business of development of subdivisions for home sites in or near Grants Pass, Oregon, and offered pre-designed homes which the defendant would propose to build for lot purchasers. The subdivision in question was platted as Meadow Glen Subdivision, consisting of Blocks A, B and C. In Blocks B and C there were lots numbered 11. The lot numbered 11 in Block C contained a square footage approximately twice that of the other lots in the plat.

Plaintiffs became interested in purchasing the large lot in the fall of 1982. On the…