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Home / Opinion / 10-12245-13 In re Holmdahl

10-12245-13 In re Holmdahl

Bankruptcy Foreclosure sales Where the debtor's house was bought at a sheriff's sale after foreclosure, but the down payment was forfeited, the down payment is to be used to reduce the debtor's arrearages on the house. "In truth, the forfeited funds constitute an unusual 'payment' on the loan which the parties likely never contemplated. However, based upon the ...

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