Michael Dacquisto Received Carve Out of $40k
The Eastern District experienced their first Bankruptcy Short Sale this month with a sale of $640,000! Trustee Michael Dacquisto was able to benefit the estate in this case by partnering with Wells Fargo who approved the short sale for this file. The carve out for the estate was secured at $40,000.
Ronald E. Stadtmueller Created a Carve Out of $19,925
Our first closing for Trustee Ronald Stadtmueller in San Diego created a carve out of $19,925! BKSS assisted the Trustee in obtaining a short sale approval with CHASE and the 2nd lienholder, SunTrust. Trustee Stadtmueller was able to create an asset out of this underwater property. With his partnership, we were able to negotiate with the lienholders so that all parties came to a resolution. We look forward to closing many more in San Diego!
Lynda T. Bui Received Carve Out of $15k
San Bernardino County sees first BK Short Sale in the area!Trustee Lynda Bui was able to create a carve out for her estate with a Wells
Fargo property. The $15,000 carve out was an asset that allowed her to pay off
unsecured creditors for the debtors. Wells Fargo has been a valued partner in
the Bankruptcy Short Sales and has created a relationship with our team and the
Trustees to short sale these homes.
Sam Leslie Received Carve Out of $200k
Central District Trustee Sam Leslie was able to produce monies for his estate in a case that was praised by the City of Beverly Hills. The carve out was $200,000 on a sale that paid the first in full. Bank of America cooperated with the sale of the property after the overbid procedure took place under Judge Bluebond. Congratulations for creating an asset out of the real estate in this case and estate.
Lynda T. Bui Received Carve Out of $25k
Successful closing in California! $25,000 Carveout was granted to Trustee Lynda Bui! Ocwen approved the sale of property in the Central District. The sale was approved by Judge Houle after an overbid procedure. Ocwen only required a complete short sale package and Trustee signed seller documents. Congratulations to the Trustee for creating funds for this estate!
Greg Akers Received Carve Out of $100k
Successful closing in beautiful San Diego! $100,000 Carveoutwas granted to Trustee Greg Akers of the Southern District. This million dollar asset was short sold with the cooperation of Wells Fargo on the first and second under the ruling of Judge Bowie. The closing was great accomplishment after pursuing the short sale for two years.