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MATTER OF ROSE

Bankruptcy No. 80-01252-HB, Adv. No. 80-0578-HB.

7 B.R. 911 (1981)

In the Matter of Langley ROSE and Ann Rose, Debtors. NPC REALTY CO., Plaintiff, v. Langley ROSE and Ann Rose, Defendants.

United States Bankruptcy Court, S.D. Texas, Houston Division.

January 7, 1981.

Attorney(s) appearing for the Case

Wendy Thomas Kendall, Houston, Tex., for plaintiff.

Michael Pledger, Houston, Tex., for defendants.

MEMORANDUM OPINION

JOHN R. BLINN, Bankruptcy Judge:

Langley and Ann Rose entered into a Sale Agreement with NPC Realty Co. on February 21, 1980 for purchase of a residence. The Agreement provided for the payment of a principal sum of $62,950 over 30 years with interest only for the first three years. If the Roses fully complied with the Agreement, NPC would deliver a warranty deed to the residence. The Agreement called for monthly payments of $718.00 for...

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