In Re Edward D. Konowitz, Debtor. Commonwealth Mortgage Company of America, Domino Management, Inc., Party in Interest-Appellant v. Edward D. Konowitz

MURNAGHAN, Circuit Judge:

Section 549 of the Bankruptcy Code authorizes a bankruptcy trustee to avoid any transfers of the debtor’s property made after the filing of a petition for bankruptcy. A post-petition transfer of real estate made to a good faith purchaser, however, may only be avoided if proper notice of the petition is given “before such transfer is so perfected that a bona fide purchaser of such property, against whom applicable law permits such transfer to be perfected, could not acquire [a superior interest].” 11 U.S.C. § 549(c). * The question presented here is whether the §…