United States Bankruptcy Court, S.D. Texas January 7, 1981, 19-31061 (NPC Realty Co. v. Rose (In Re Rose))

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.