IN RE REINBOLDT

Bankruptcy No. 3-83-1805, Adv. No. 83-0481.

39 B.R. 677 (1983)

In re Harris William and Gladys REINBOLDT, Debtors. Harris William and Gladys REINBOLDT, Plaintiffs, v. The TRAVELERS INSURANCE COMPANY, a Connecticut Corporation, Defendant.

United States Bankruptcy Court, D. Minnesota, Third Division.

December 22, 1983.


Attorney(s) appearing for the Case

Timothy D. Moratzka, Hastings, Minn., for debtors.

Thomas L. Kimer, Minneapolis, Minn., appeared on behalf of Norwest Bank of Winona.


ORDER

JOHN J. CONNELLY, Bankruptcy Judge.

This matter came before the Court on the debtors' complaint seeking to set aside a mortgage foreclosure sale for fraud. The debtors argued that because the fair market value of the property was at least twice the amount of the indebtedness, the defendant committed a fraud by bidding in only the amount of the debt. The debtors believe such "fraud" justifies a setting aside of the mortgage foreclosure sale. The debtors...

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