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Island Place Apts. LLC v. First How View Corp. (In re Greater Miami Neighborhoods Inc.)

Island Place Apts. LLC v. First How View Corp. (In re Greater Miami Neighborhoods Inc.)

Ruling
Duly conducted foreclosure sale to good faith purchaser could not be avoided.
Procedural posture

Plaintiff, an apartment complex owned by a debtor, filed an adversary proceeding against defendants, a successful bidder and a third party purchaser, to avoid transfer of plaintiff's property pursuant to a foreclosure sale and to recover the property pursuant to 11 U.S.C.S. § 550. The bidder and the purchaser filed a motion to dismiss, which was treated as a motion for summary judgment.

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Commercial opinion summary, case decided on June 16, 2008 , LexisNexis #0808-015