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WESTERN SAV. v. CFS PORTALES ETHANOL I

No. 17300.

754 P.2d 520 (1988)

WESTERN SAVINGS & LOAN ASSOCIATION, an Arizona corporation, Plaintiff, v. CFS PORTALES ETHANOL I, LTD., a New Mexico limited partnership, et al., Defendants.

Supreme Court of New Mexico.

May 12, 1988.

Attorney(s) appearing for the Case

David S. Proffit, Albuquerque, for plaintiff.

Garrett & Richards, Michael T. Garrett, Clovis, for defendants.

OPINION

WALTERS, Justice.

Are twenty-five year leaseholds and the buildings constructed thereon, both of which served as security for construction loans to build those structures, within the meaning of "real estate" and thus subject to redemption after a foreclosure sale? That is the issue certified to us by Judge John E. Conway of the United States District Court for the District of New Mexico. Our opinion is confined...

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