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F.D.I.C. v. SCHWARZER

Civ. No. A-92-CA-435.

812 F.Supp. 700 (1992)

FEDERAL DEPOSIT INSURANCE CORPORATION, In Its Corporate Capacity as Liquidator of Travis Bank and Trust, Plaintiff, v. James D. SCHWARZER and Rita J. Schwarzer, Defendants.

United States District Court, W.D. Texas, Austin Division.

December 14, 1992.

Attorney(s) appearing for the Case

Roy G. Morris, Steven Alex DeMonbreum, Norbert T. Starr, II, F.D.I.C. Legal Div., Dallas, TX, for plaintiff.

Michael G. Lockwood, Kiester & Lockwood, Austin, TX, for defendants.

MEMORANDUM OPINION AND ORDER

SPARKS, District Judge.

BE IT REMEMBERED on the 4th day of December, 1992, a judicial valuation hearing in the above-styled and numbered cause took place before the Court pursuant to Section 51.003 of the Texas Property Code, and the Court has determined the fair market value of the subject property as of the date of foreclosure to be $77,500.00. See Tex.Prop.Code Ann. § 51.003 (West Supp. 1992).

Section 51...

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