FARM CREDIT BANK OF OMAHA, Appellee, v. Raymond R. FRANZEN, Sonja L. Franzen, Appellants

Raymond and Sonja Franzen appeal from an order of the district court 1 reversing the bankruptcy court’s order which had denied Farm Credit Bank of Omaha’s motion for relief from an automatic stay following the bank’s foreclosure sale of the Franzens’ property. We affirm.

In December 1983 the Franzens filed a voluntary petition in bankruptcy under Chapter 11. On February 7,1985, the bank moved for relief from the automatic stay to commence foreclosure of a mortgage it held on the Franzens’ farm. 2 The bankruptcy court granted the bank’s motion whereupon the bank obtained a decree of foreclosure…