In Re Galvin

MEMORANDUM OPINION

FRANK W. ROGER, Chief Judge.

Debtors filed their petition for relief in April of 1993, and the Trustee filed objections to the claimed homestead exemption of $8,000.00. The reason for the objection was that debtors were not the fee simple owners, instead holding title under a contract for deed with Balboa Mortgage Company. Said objections were timely filed and the issues have now been submitted to the Court upon pleadings, briefs and the statements of counsel.

The evidence is not clear precisely when the contract for deed was executed because the Court has only seen an…