context: The outstanding mortgage held by S/N-l at the time it foreclosed was $605,000. Fall River's outstanding liens for taxes and interest totaled approximately $190,000 as of January of 1999. Under the City Assessor's most recent valuation of the property in January of 1998, the value of the property is $642,000; therefore, any attempt by Fall River to foreclose on its tax liens will impair the value Plaintiff would receive through a foreclosure of its lien.
citation_a.signal: but see
citation_a.identifier: 21 F.3d 100, 101
citation_a.parenthetical: finding sufficient equity to permit a tax sale where the property value was $529,578, the delinquent taxes were $73,-488.83, and the outstanding value of the FDIC's interest was $196,689.73
citation_a.sentence: See Matagorda, 19 F.3d at 225 n. 11 (noting that with insufficient value in the property to satisfy both liens, allowing state to foreclose if they “preserve” the FDIC’s lien is “not a realistic solution”); but see Donna Indep. School Dist. v. Balli, 21 F.3d 100, 101 (5th Cir. 1994) (finding sufficient equity to permit a tax sale where the property value was $529,578, the delinquent taxes were $73,-488.83, and the outstanding value of the FDIC’s interest was $196,689.73).
citation_b.signal: see
citation_b.parenthetical: noting that with insufficient value in the property to satisfy both liens, allowing state to foreclose if they "preserve" the FDIC's lien is "not a realistic solution"
citation_b.sentence: See Matagorda, 19 F.3d at 225 n. 11 (noting that with insufficient value in the property to satisfy both liens, allowing state to foreclose if they “preserve” the FDIC’s lien is “not a realistic solution”); but see Donna Indep. School Dist. v. Balli, 21 F.3d 100, 101 (5th Cir. 1994) (finding sufficient equity to permit a tax sale where the property value was $529,578, the delinquent taxes were $73,-488.83, and the outstanding value of the FDIC’s interest was $196,689.73).