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IN RE HATFIELD HOMES, INC.

Bankruptcy No. 82-04133G, Adv. No. 83-0543G.

30 B.R. 353 (1983)

In re HATFIELD HOMES, INC., d/b/a Oak Woods East, Debtor. HATFIELD HOMES, INC., Plaintiff, v. PENNVIEW SAVINGS ASSOCIATION Elizabeth Wolf Raymond Butera and Theodore Mignatti, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

June 6, 1983.

Attorney(s) appearing for the Case

Edward J. Hollin, Stanford S. Hunn Associates, Lansdale, Pa., for plaintiff/debtor, Hatfield Homes, Inc. d/b/a Oak Woods East.

Neil Conver, Lansdale, Pa., for defendant, Pennview Sav. Assn.

Arnold E. Cohen, Philadelphia, Pa., for defendant, Elizabeth Wold.

Stuart N. Cohen, King of Prussia, Pa., for defendants, Raymond Butera and Theodore Mignatti.

Robert H. Levin, Adelman, Lavine, Krasny Gold & Levin, Philadelphia, Pa., for Union Nat. Bank and Trust Co. of Souderton, objectors.

OPINION

THOMAS M. TWARDOWSKI, Bankruptcy Judge:

The issue before us is whether we should grant the debtor's complaint to sell its real property free and clear of the defendants' liens. We conclude that said complaint should be denied because the proposed sales price does not, in our view, represent the highest possible sales price for the property in question.

The facts of the instant case are as follows:1 On September...

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