Value T Sales, Inc. v. Mitchell (In Re Mitchell)
United States Bankruptcy Appellate Panel for the Ninth Circuit
1Opinion of the Court
OPINION
BRANDT, Bankruptcy Judge.
Does § 549(c) 1 , the bona fide purchaser (“BFP”) defense to a trustee’s action to avoid unauthorized post-petition transfers, provide an exception to the automatic stay of § 362(a)? Appellant Value T Sales, Inc., which purchased debtors’ residence in San Diego, California, at a post-petition foreclosure sale without notice of the bankruptcy, moved for a declaration that § 549(c) excepted the transaction from the automatic stay. The bankruptcy court denied the motion, and Value T appealed. We conclude § 549(c) does not avail appellant, and AFFIRM.
I. FACTS
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