USA v. CERTAIN ACCOUNTS, PE

Filing 158

ORDER granting 157 Motion to Approve the Sale of the 1305-1307 8th Avenue Property; Quest Development, LLC is authorized to sell by interlocutory sale the defendant real property to James G. Camp, IV for the price of $1.00 pursuant to the agre ement of sale attached to the instant motion; Sale of the property will be as-is and free and clear of all of the forfeiture rights of the United States; Quest Development, LLC shall execute a special warranty deed to the purchaser; Title shall pass directly from the current title holder, Quest Development, LLC, to the purchaser; United States will not be in the chain of title with regard to the sale of the defendant real property; Net sales price, after payment of real estate commissions, taxes , mortgage and judgment liens of record prior to the United States' filing of its lis pendens, and other valid charges against defendant real property at time of closing, will be deposed by the U.S. Attorney into the Quest Development Rental Mon ey Court Order Account, subject to the Court's prior orders regarding said account, except that monies may be transferred by the U.S. Attorney to the extent necessary to pay expenses of Quest Development, LLC that are pre-approved by the U.S. At torney; Any disputes concerning the validity and/or priority of liens shall be resolved by the District Court prior to closing; Any net proceeds of sale will become substitute res in this action; A Check shall be issued from the Quest Development Rental Money Court Ordered Account, in the amount of $500.00 made payable to American General, to cover various closing costs. Signed by Chief Judge Gary L. Lancaster on 11/18/11. (map)