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Home / Opinion Digests / Bankruptcy – Foreclosure Avoidance – Good Faith Buyer (access required)

Bankruptcy – Foreclosure Avoidance – Good Faith Buyer (access required)

A Richmond U.S. District Court affirms the bankruptcy court’s dismissal of the trustee’s challenge to defendant buyer who was a good-faith purchaser of debtors’ house when they faced foreclosure, and who had no notice that debtors were in bankruptcy proceedings. Facing foreclosure on their home, debtors entered into a real estate purchase contract, brokered by defendant ...

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