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IN RE NORTH BROADWAY FUNDING CORP.

Bankruptcy No. 77-B-1716.

6 B.R. 133 (1980)

In re NORTH BROADWAY FUNDING CORP., Bankrupt.

United States Bankruptcy Court, E.D. New York.

September 11, 1980.

Attorney(s) appearing for the Case

A. Carlos Cruz, Bayshore, N.Y., for Velasquez & Serrana.

Corwin & Frey, New York City, for Trustee.

DECISION

C. ALBERT PARENTE, Chief Bankruptcy Judge.

This litigation arises from a motion for specific performance of a real estate contract, where the trustee, as the seller, refuses to perform due to changes in the mortgage market.

The salient facts are as follows:

North Broadway Funding Corp. (hereafter "bankrupt") was duly adjudged a bankrupt by this Court on November 14, 1978. The bankrupt was in the business of lending money and, in...

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