The court rules as follows on the claims to surplus funds –
On calendar is a hearing to determine the distribution of surplus funds deposited with the court after a non-judicial foreclosure.
Facts/Overview:
On September 27, 2013, The Wolf Firm filed a petition to deposit surplus proceeds of a trustee’s sale of a property at 1021 Granville Drive in Newport Beach (“Property”).
On October 2, 2013, the court granted the petition and $557,126.97 was deposited with the Court.
Potential Claimants:
1. William C. Ring
Mr. Ring was the owner of the Property and trustor under the foreclosed deed of trust.
2. California Franchise Tax Board (“FTB”)
Based on a Notice of State Tax Lien recorded on March 2, 2010, the FTB is owed $6,447.16 as of October 31, 2013. That amount accrues interest at the rate of $0.43 per day.
3. Richard R. Stahler
Mr. Stahler has a judgment against Mr. Ring from a probate case, In re Addie E. Haugh Trust Dated April 30, 1929, Orange County Superior Court case no. A208452. T
Hearing Date
December 11, 2013
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The court rules as follows on the claims to surplus funds –
On calendar is a hearing to determine the distribution of surplus funds deposited with the court after a non-judicial foreclosure.
Facts/Overview:
On September 27, 2013, The Wolf Firm filed a petition to deposit surplus proceeds of a trustee’s sale of a property at 1021 Granville Drive in Newport Beach (“Property”).
On October 2, 2013, the court granted the petition and $557,126.97 was deposited with the Court.
Potential Claimants:
1. William C. Ring
Mr. Ring was the owner of the Property and trustor under the foreclosed deed of trust.
2. California Franchise Tax Board (“FTB”)
Based on a Notice of State Tax Lien recorded on March 2, 2010, the FTB is owed $6,447.16 as of October 31, 2013. That amount accrues interest at the rate of $0.43 per day.
3. Richard R. Stahler
Mr. Stahler has a judgment against Mr. Ring from a probate case, In re Addie E. Haugh Trust Dated April 30, 1929, Orange County Superior Court case no. A208452. T