In Re Brinson

FINDINGS OF FACTS AND CONCLUSIONS OF LAW

GEORGE L. PROCTOR, Bankruptcy Judge.

This case came before the Court upon Debtors’ Objection to Claim 9 filed by Clarence Laubinger (“Laubinger”) and Lau-binger’s Motion Seeking Determination of Secured Status. The two matters were jointly heard on February 18, 1993, and upon the evidence presented, the Court enters the following Findings of Fact and Conclusions of Law:

Findings of Fact

During 1986 and 1987 debtors purchased three parcels of unimproved land near Oca-la, Florida, from Laubinger. The first purchase of 24.6 acres was made in February of 1986…