Tentative ruling issued by Judge Donna Geck on Oct. 17, 2012 in Santa Barbara County, CA - Case no: xxxxx593

Nature of Proceedings: Hearing: Unresolved Claims
Petitioner SBS Trust Deed Network commenced this action pursuant to Civil Code § 2924j after a nonjudicial foreclosure of real property located at 2700 Williams Way. The trustee’s sale occurred on March 27, 2012. Trustors on the deed of trust were three individuals who each held an undivided one-third interest in the property as tenants-in-common:

Laura Rose Tibbin
David A. Marshall
Michael R. Lewellen

After payment of the underlying indebtedness, there were surplus funds totaling $52,885.96. After deducting the trustee’s fees and expenses and court filing fees, pursuant to the court’s order of July 3, 2012, $48,757.80 was deposited with the clerk of the court and petitioner was discharged from further responsibility pursuant to Civil Code § 2924j(d). The court notes that the order submitted and entered identifies California Reconveyance Company as petitioner. That does not appear to be accurate. R….....