The appraised market value of Brandon Towne Place is $5,000,…
The appraised market value of Brandon Towne Place is $5,000,000. Bigelow Bank holds a $2,000,000 mortgage loan on Brandon Towne Place. Alex Heath Acquisitions, which owns Brandon Towne Place, does not see a scenario where it will be able to repay the loan. Alex Heath Acquisitions has missed two loan payments. To get out from under the Bigelow Bank loan, and before Bigelow Bank could file a foreclosure case, Alex Heath Acquisitions quickly sold Brandon Towne Place to ChristyErnest Associates for $250,000. And then Alex Heath Acquisitions dissolved as an ongoing business. Assuming no other facts, Bigelow Bank can properly pursue a fraudulent transfer case to “unwind” the Alex Heath Acquisitions/ChristyErnest Associates conveyance. (Select one answer only.)