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IN RE WORCESTER

Bankruptcy No. LA 82-04088-JD, Adv. No. 82-2635-JD.

28 B.R. 910 (1983)

In re Norma E. WORCESTER, Debtor. Irving ROSNER and William Little, Plaintiffs, v. Norma E. WORCESTER, Elsie Davis, Chapter 13 Trustee, Defendants. Norma E. WORCESTER, Counter-Claimant, v. Irving ROSNER, William Little, National Security Mortgage Co., Sam Spivack, Charles E. Moon, Joseph H. Sosler, L.M. Kitzman, Clark Keen, Trust Deed Diversified Services, Cheryl Lewis, Patricia Mayden, Counter-Defendants.

United States Bankruptcy Court, C.D. California.

April 8, 1983.

Attorney(s) appearing for the Case

Salvatore A. Sciortino, Slate & Leoni, Los Angeles, Cal., for debtor.

Joel Mithers, Los Angeles, Cal., for plaintiff, William Little.

Alfred Fadel, Los Angeles, Cal., for plaintiff, Irving Rosner.

Saul S. Kreshek, Los Angeles, Cal., for cross-defendants.

JAMES R. DOOLEY, Bankruptcy Judge.

The basic question addressed in this Opinion is whether a nonjudicial foreclosure sale may be set aside, under 11 U.S.C. § 548 or under other provisions of law, where the foreclosure sale price of the property was greatly below its fair market value and where both the Notice of Sale and the Trustee's Deed described two parcels of property while only one parcel was encompassed in the beneficiaries' lien. Additional questions...

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