Cases
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2 opinions for “Liebzeit v. Intercity State Bank”
Larry H. Liebzeit v. Intercity State Bank, FSBpublic domain
HAMILTON, Circuit Judge. The principal question in this appeal is whether a mortgage can properly attach a lien to a vendor’s interest in a land contract under Wisconsin law. A secondary issue is whether the lender in this case perfected its lien on the vendor’s interest by recording its mortgage in county land records rather than with the Wisconsin Department of Financial Ins
Liebzeit v. Intercity State Bank (In re Blanchard)public domain
MEMORANDUM DECISION SUSAN V. KELLEY, Bankruptcy Judge. The Trustee seeks to avoid a mortgage using the “strongarm” power of 11 U.S.C. § 544(a)(3). Under this provision, the trustee can exercise the rights and powers of a hypothetical bona fide purchaser of the debtor’s real property on the filing date. In effect, § 544(a)(3) asks: Suppose the debtor, instead of filing bankruptcy, had transferred the same r