This is a public record generated listing.
Deed of Trust on California Single Family Home
Listing Information
Attachments
Deed of Trust on California Single Family Home
Price: $15,000.00
Other Item Info
Item #: canbke_539262
Created: 06/09/2017
Category: Business Property > Financial > Secured Notes
Sale Date: None Set
Created: 06/09/2017
Category: Business Property > Financial > Secured Notes
Sale Date: None Set
Seller Info
Marc Del Piero
Trustee
P. O. Box 1127
Pebble Beach, CA 93953
(831) 644-0602
Trustee
P. O. Box 1127
Pebble Beach, CA 93953
(831) 644-0602
Bankruptcy Info
Case #: 5:15-bk-52840
Case Title: Holmes & Sons Trucking, Inc.
Court: California Northern Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Holmes & Sons Trucking, Inc.
Court: California Northern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of remaining asset, a second deed of trust on property located at 501 7th St. San Juan Bautista, CA 95045 (“Property”). The Property is a Single Family Home, has 3 bedrooms and 2 bathrooms, approximately 1,238 sqft living area and was built in 1977.
The deed of trust secures a promissory note with a principal balance of $347,773.00. The note accrues interest at the rate of 4% per annum. However, the note is only due upon the sale or refinance of the Property, or upon the death of the owner. There is no monthly income from the Property.
The asset would be a good investment for someone who could afford to wait for several years for a triggering event.
Financial Overview
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