U.S. Commodity Futures Trading Commission v. Yellowstone Partners, Inc. et al
ORDER granting 156 Motion for Authority to Convey Real Estate - Signed by District Judge Louise Wood Flanagan on 04/16/2014. (Baker, C.)
IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF NORTH CAROLINA
U.S. COMMODITY FUTURES
YELLOWSTONE PARTNERS, INC.
and DENNIS TODD HAGEMANN,
This matter comes before the court on motion by the receiver for order authorizing the
receiver to deed over to Oriental Plantation Owners Association, Inc., certain remaining real estate
in the possession of the receiver.
Also before the court is correspondence from the receiver
regarding the same, including exhibits attached thereto including a notice of non-acceptance of deed
provided by Pamlico County Department of Revenue, and a non-warranty deed executed April 11,
2013. As a preliminary matter, the court CONSTRUES such correspondence and exhibits as a
supplement to the motion, and the court DIRECTS the clerk to file them on the docket as such.
With respect to the merits of the motion, the court previously granted on April 1, 2013, the
receiver’s motion for order of sale of the subject property, in furtherance of the duties of the receiver
as required by the court’s March 31, 2011, order appointing the receiver. The present motion,
referencing such order, describes refusal by Pamlico County Department of Revenue to accept the
deed, and agreement instead by Oriental Plantation Owners Association, Inc., to accept the deed in
consideration of unpaid homeowners dues in the amount of $3,573.55. Upon review of the motion,
and in light of the court’s previous authorization to the receiver to deed over the subject property,
the court finds good cause shown, and the motion is GRANTED. The receiver is authorized to deed
over the subject property as set forth in the motion, specifically, to deed over to Oriental Plantation
Owners Association, Inc., property identified in the Receiver’s motion as Lot Numbers 5 and 5A,
Oriental Plantation, Pamlico County Registry, further identified in the Warranty Deed to the receiver
dated November 29, 2011, and recorded on December 23, 2011 in Book 562, Page 421-423,
Registry of Pamlico County.
SO ORDERED, this the 16th day of April, 2014.
LOUISE W. FLANAGAN
United States District Judge
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