USA v. CERTAIN ACCOUNTS, PE

Filing 160

ORDER granting 159 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 Leonard L. Chiappetta and Christine M. Chiappetta for the price o f $1.00 pursuant to the agreement 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; Purchasers shall pay all costs associated with the demolition o f subject property, including demolition, removal of debris and clean up; Quest Development, LLC shall execute a special warranty deed to the purchasers; Title shall pass directly from the current title holder, Quest Development, LLC, to the purchase rs; 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' filin g 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 Money Court Order Account, subject to the Court's prior orders regarding sai d 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. Attorney; 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; Purchasers will pay any remaining closing costs. Signed by Chief Judge Gary L. Lancaster on 12/9/11. (map)