Deutsche Bank Nat. v. Petersen

1 Citing case

  1. Running v. Dolan (In re Goodspeed)

    535 B.R. 302 (Bankr. D. Minn. 2015)   Cited 3 times

    Under either the 2006 or the 2007 exemption limit, the $70,000 available equity in the St. Paul Property at the time of the Transfer was exempt pursuant to Minn.Stat. § 510.02, based on estimated market value of $350,000 and debt against it of $280,000. See Torgelson v. Real Property Known as 17138 880th Ave., Renville County, 749 N.W.2d 24, 26 (Minn.2008), citing Minn. Const. art. I, § 12 ; Minn.Stat. § 510.01 ; Deutsche Bank Nat. Trust Co. v. Petersen, 748 N.W.2d 306, 309 (Minn.App.2008), citing 2007 Minn. Laws ch. 105, § 2, 106 § 11 (codified at Minn.Stat. § 510.02, subd. 1 (Supp.2007)); Kipp v. Sweno, 683 N.W.2d 259, 266 (Minn.2004) ; Baumann v. Chaska Bldg. Ctr., Inc., 621 N.W.2d 795, 799 (Minn.App.2001). To the extent that the parties do not agree on the estimated market value, their difference in opinion is not enough to change the outcome; a higher value was not asserted, and no lower value suggested at trial was below the amount of the debt.