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Notes Secured by Deeds of Trust
Listing Information
Attachments
Notes Secured by Deeds of Trust
Lot of SixMinimum Price: $100,000.00
Other Item Info
Item #: cacbke_1496330
Created: 06/20/2014
Category: Business Property > Financial > Other
Sale Location: Riverside, California
Sale Date: Wed. Jul 9, 2014
Created: 06/20/2014
Category: Business Property > Financial > Other
Sale Location: Riverside, California
Sale Date: Wed. Jul 9, 2014
Seller Info
Leonard M Shulman
Trustee's Attorney
8105 Irvine Ctr Dr Ste 600
Irvine, CA 92618
949-340-3400
Trustee's Attorney
8105 Irvine Ctr Dr Ste 600
Irvine, CA 92618
949-340-3400
Bankruptcy Info
Case #: 6:12-bk-23463
Case Title: Murrieta Mortgage, Inc.
Court: California Central Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Murrieta Mortgage, Inc.
Court: California Central Bankruptcy Court
Chapter: 7
View Case Docket
Description
Sale of Six Loans of MURRIETA MORTGAGE, INC., the Loans comprise of six notes secured by deeds of trust which were entered into between the Seller and various third parties prior to the bankruptcy in amounts ranging from $15,000.00 to $238,000.00. As of May 31, 2014, the aggregate principal balance owing on the Loans is approximately $850,100.00, due and payable ranging from within a couple of years to twenty plus years. The loans are describe below:
- Autrey Loan: On or about March 7, 2007 Mark Brady Autrey and Peggy I. Autrey borrowed Two Hundred Twenty-Eight Thousand and No/100 Dollars ($228,000.00) from the Seller.
- Botello Loan: On or about August 30, 2005, Juan Botello and Praxedes Botello borrowed One Hundred Eighty-Four Thousand Two Hundred Fifty and No/100 Dollars ($184,250.00) (the “Botello Loan”) from the Seller.
- Brown Loan: On or about March 8, 2006, Robert S. Brown and Shari V. Brown borrowed Seventy-Five Thousand and No/100 Dollars ($75,000.00) from the Seller.
- DiBella Loan: On or about January 13, 2000, Louis F. DiBella and Barbara J. DiBella borrowed funds from the Seller. Note Modification Agreement dated December 18, 2006, the principal amount owed on the DiBella Loan was One Hundred Forty-Eight Thousand and No/100 Dollars ($148,000.00).
- Jones Loan: On or about January 19, 2007, Jovonna S. Jones (“Jones”) borrowed One Hundred Thousand and No/100 Dollars ($100,000.00) from the Seller.
- Mason Loan: On or about April 3, 2006, Ralph P. Mason and Linda K. Mason (collectively, “Mason”) borrowed Two Hundred Thirty-Eight Thousand and No/100 Dollars ($238,000.00) from the Seller
The loans are more describe in "Attached PDF".
Financial Overview
Income and Expenses ($)
months
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Asset and Liability Summary ($)
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Real Estate:
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Liabilities to assume:
Additional Details
Sale Hearing in Room, 126 @ 11:00AM
Bid Deadline: three (3) business days prior to the July 9, 2014
Bid Deposit Amount: $10,000
Overbid Amount: $105,000
Minimum Bid Increment Amount: $2,000
Last Date to Respond - June 25, 2014