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IN RE CAPITAL MTG. & LOAN, INC.

Bankruptcy No. 281-03865-D-11.

35 B.R. 967 (1983)

In re CAPITAL MORTGAGE & LOAN, INC., a California Corporation, Debtor.

United States Bankruptcy Court, E.D. California.

December 28, 1983.

Attorney(s) appearing for the Case

Greg Eichler, Sacramento, Cal., for trustee.

Melvyn J. CoBen, Sacramento, applicant.

Howell Y. Jackson, Sacramento, Cal., for respondents, Manuel Val, Al DiMasi, Jr., H. Dean Stiles and Dept. of Veterans Affairs, State of Cal.

MEMORANDUM OPINION AND DECISION

LOREN S. DAHL, Bankruptcy Judge.

FACTS:

On December 19, 1979, the Department of Veterans Affairs of the State of California entered into a Vendor-Vendee land sales agreement with John E. and Linda S. Benefield. This agreement of sale was recorded in the Glenn County Recorder's Office on January 15, 1980. On January 25, 1980, the Department of Veterans Affairs issued a consent to encumber the property. The Benefields...

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