C-III Asset Management LLC v. Esquire Development LLC
Filing
66
ORDER granting 58 Motion for Confirmation of Sale. Signed by District Judge William M. Conley on 3/12/14. (rep)
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF WISCONSIN
VFC 23 ESQUIRE CORPORATION,
Plaintiff,
Case No. 1 l-CV-739
v.
ESQUIRE DEVELOPMENT LLC,
Defendant.
ORDER CONFIRMING SHERIFF'S FORECLOSURE SALES,
ORDERING DEFICIENCY JUDGMENT, AND DISCHARGING RECEIVER
Plaintiff VFC 23 Esquire Corporation, having obtained a Default Foreclosure Judgment
dated January 15, 2013 in its favor;
Plaintiff VFC 23 Esquire Corporation, having filed a motion for confirmation of
sheriffs' sales, having submitted the sheriffs' reports of sale and proofs of publication;
Plaintiff VFC 23 Esquire Corporation, having provided timely notice of the hearing on
its motion via certified mail, return receipt requested;
Therefore, IT IS HEREBY ORDERD AND ADJUDGED that:
1.
The sheriffs' sales of the six mortgaged properties are confirmed as fair and
reasonable.
2.
The Clerk of Court is hereby ordered to deliver the Sheriffs' Deeds of
Foreclosure for Parcels A, C, D, E, and F to Plaintiffs attorney.
3.
Third-party bidder, JBRC Investments, Ltd. is ordered to pay Plaintiffs attorney
the remainder of the purchase price for Parcel B (the sum of $180,090.00). Upon receipt of
payment, Plaintiff shall release the Sheriffs Deed for Parcel B to SBRC Investments, Ltd.
4.
In the event that third-party bidder JBRC Investments, Ltd. does not timely and
completely make payment of $130,090.00 to Plaintiff on or before ten (10) business days from
the date of this Order, the bid deposit of $20,010.00 will be forfeited pursuant to Wisconsin
Statute Section 846.17 and paid to Plaintiff.
5.
A deficiency money judgment in the amount of$ $1,352, 170.02 shall be entered
in favor of Plaintiff and against Defendant Esquire Development LLC.
6.
The account of the Receiver is approved, and the Receiver is discharged from
further duties in this matter.
d~ay of /J1w~
Dated this J
'2014.
BY THE COURT:
10803259.1
2
Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.
Why Is My Information Online?