IN RE PENFIL

Bankruptcy No. 83-00542.

40 B.R. 474 (1984)

In re Robert L. PENFIL and Sylvia L. Penfil, Debtors.

United States Bankruptcy Court, E.D. Michigan, S.D.

As Amended July 19, 1984.


Attorney(s) appearing for the Case

Dennis Haley, Flint, Mich., for debtors, Penfil.

Paul R. Gilleran, Troy, Mich., for Michigan Nat. Bank-Detroit.


AMENDED MEMORANDUM OPINION AND ORDER

ARTHUR J. SPECTOR, Bankruptcy Judge.

Michigan National Bank-Detroit filed a Motion for Relief from Stay and for a declaration of validity of a foreclosure sale. The debtors oppose the motion.

For the purpose of this opinion, the facts are as follows: On or about August 16, 1982, the debtors purchased a home in Farmington Hills, Oakland County, Michigan for $61,900. They borrowed the entire purchase price from...

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