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IN RE EHRING

No. 88-6564.

900 F.2d 184 (1990)

In re Warne EHRING, Debtor. Warne EHRING, Appellant, v. WESTERN COMMUNITY MONEYCENTER; Franklin Tom, Commissioner of Corporation, State of California as Liquidator of Western Community Moneycenter, Appellees.

United States Court of Appeals, Ninth Circuit.

Decided April 3, 1990.

Attorney(s) appearing for the Case

Earle S. Hagan, Hagan & Hagan, Encino, Cal., for appellant.

Patricia S. Brody, Jeffer, Mangels, Butler & Marmaro, San Francisco, Cal., for appellees.

Before FARRIS, BOOCHEVER and NOONAN, Circuit Judges.

FARRIS, Circuit Judge:

Ehring appeals the Bankruptcy Appellate Panel's decision that the purchase and resale of Ehring's house, by his secured creditor at a pre-petition, nonjudicial, noncollusive foreclosure sale was not a transfer for purposes of 11 U.S.C. § 547(b) and thus not an avoidable preference, even though the creditor, from the resale, netted $110,000 more than the outstanding debt. 91 B.R. 897.

We affirm.

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