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ACQUISITION CORP. OF AMERICA v. FEDERAL SAV. & L.

No. 88-6610-CIV.

96 B.R. 380 (1988)

ACQUISITION CORPORATION OF AMERICA, Appellant, v. FEDERAL SAVINGS & LOAN INSURANCE CORPORATION, Appellee.

United States District Court, S.D. Florida.

December 9, 1988.

Attorney(s) appearing for the Case

Richard P. McCusker, Jr., Ft. Lauderdale, Fla., for Acquisition Corp. of America.

Laurel M. Isicoff, Squire, Sanders & Dempsey, Miami, Fla., for Federal Sav. and Loan Ass'n. Ins. Corp.

EDWARD B. DAVIS, District Judge.

THIS MATTER is before this Court on Appellant's Appeal from an Order of the Bankruptcy Court dated May 12, 1988 which allowed Appellant's real property to be sold at a public sale on May 18, 1988.

FACTS

Around December 15, 1983, Appellant and Sunrise Savings and Loan Association (hereinafter Old Sunrise) entered into a Note, Mortgage and Loan Agreement whereby Old Sunrise agreed to fund $15,700,000.00 for the purchase...

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