The court rules as follows on the unopposed petition to deposit undistributed surplus funds – Pursuant to Civ. Code § 2924j(c), Petitioner Quality Loan Service Corp. seeks an order permitting it to deposit with the court surplus funds in the amount of $140,985.28 from a trustee’s sale of the real property located at 22 Nutcracker Lane, Aliso Viejo, CA 92656-1743. Facts/Overview: Petitioner is the trustee under the deed of trust on the property. The property was the subject of a trustee’s sale on 9/11/12. The amount paid at the trustee’s sale was $435,000.00. The amount of unpaid debt to the foreclosing creditor was $280,290.23. The trustee’s fee and expenses were $3,289.49. The filing fee for the pending petition was $435.00. This leaves surplus funds in the amount of $140,985.28 that Petitioner seeks to deposit. [In fact, on10/1/13, Petitioner did deposit the funds.] In its verified petition, Petitioner alleges that within 30 days after the trustee’s sale it sent a notice of surplus f
Hearing Date
December 11, 2013
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The court rules as follows on the unopposed petition to deposit undistributed surplus funds – Pursuant to Civ. Code § 2924j(c), Petitioner Quality Loan Service Corp. seeks an order permitting it to deposit with the court surplus funds in the amount of $140,985.28 from a trustee’s sale of the real property located at 22 Nutcracker Lane, Aliso Viejo, CA 92656-1743. Facts/Overview: Petitioner is the trustee under the deed of trust on the property. The property was the subject of a trustee’s sale on 9/11/12. The amount paid at the trustee’s sale was $435,000.00. The amount of unpaid debt to the foreclosing creditor was $280,290.23. The trustee’s fee and expenses were $3,289.49. The filing fee for the pending petition was $435.00. This leaves surplus funds in the amount of $140,985.28 that Petitioner seeks to deposit. [In fact, on10/1/13, Petitioner did deposit the funds.] In its verified petition, Petitioner alleges that within 30 days after the trustee’s sale it sent a notice of surplus f