Magna Entertainment Corp. announces results for the fourth quarter and year ended December 31, 2007 Mar 1, 2008
The revolving loan agreement requires that the aggregate outstanding principal be fully repaid for a period of 60 consecutive days during each year, is guaranteed by the Company's wholly-owned subsidiary, the Los Angeles Turf Club, Incorporated ("LATC") and is secured by a first deed of trust on Santa Anita Park and the surrounding real property, an assignment of the lease between LATC, the racetrack operator, and The Santa Anita Companies, Inc. ("SAC") and a pledge of all of the outstanding... (Yahoo! Wire -- Entertainment News)
Michael Jackson faces foreclosure on Neverland Feb 27, 2008
You are in default of a deed of trust. Jackson was told in the five-page filing, according to a copy of the document published by FoxNews. (MSNBC -- News)
Landlord Loan Troubles May Affect Tenants Feb 8, 2008
Much depends on whether or not the deed of trust (the instrument that secures the loan) is senior to the tenant's lease. If the deed of trust was in place prior to the lease -- if the owner already had the loan before he rented the property to this tenant -- then the foreclosing lender will have the right to terminate the lease and remove the tenant after giving notice. (RealtyTimes)
Banks Billed To Maintain Foreclosure Eyesores Feb 8, 2008
"The fact of the matter is in their deed of trust, their mortgage contract they have an abandonment and waste clause that says - paraphrasing - if you stop making the payments and you move out, the lender has the right to come in and secure it," said Leeper. If they don't, fines of up to $1,000 a day can start adding up. (NBCSandiego.com, CA)
Neighbors blast mobile home park development plan Feb 5, 2008
Yosemite Club Partners acquired the property in 2005 through a deed of trust, the recorder's documents state. GCSD also has a lien against the property for $65,000, District Manager Jim Goodrich said Saturday. (The Union Democrat)
JetAway files deed of trust Jan 12, 2008
If JetAway Aviation defaults on repaying its lender, the public trustee of Montrose County can be directed to sell the property meaning members of the Girdner family could be first in line for any of those benefits, a deed of trust filed Dec. 20 indicated. JetAway, a limited liability company, along with another LLC, One Creative Place, executed a deed of trust that identified its lenders as Paul and Michael Girdner of Boise, Idaho ... The Daily Press showed the deed of trust to its attorney,... (Montrose Daily Press, CO)
Long Gulch land could be sold at auction Jan 4, 2008
The project's backers, Yosemite Club Partners, have defaulted on a 2005 deed of trust, according to the Tuolumne County Recorder's Office. More than $4. (The Union Democrat)
Wages increase, foreclosure sale date extended Jan 3, 2008
Prior to 2008, a sale date (for anything with a deed of trust) was set within 45 to 60 days after the notice was received by the public trustee. This started the foreclosure process. (Montrose Daily Press, CO)
The grand finale: Year in Review wraps up 2007 Jan 3, 2008
Built in 1853, owner Sherrie Lockhart had closed the hotel s doors in 2004 and was in default under a deed of trust dated Dec. 15, 2006. Jackson resident Kevin Barnett was charged with grand theft and embezzlement of more than 10,000 from the Mother Lode Youth Athletic Conference, which includes Calaveras and Tuolumne teams. (San Andreas Calaveras Enterprise, CA)
Despite crunch, real estate still lands big loans Dec 25, 2007
A trust deed -- also called deed of trust -- is a security instrument for any type of loan, where real estate is used as collateral for the loan. Trust deeds are public documents and include loan information. (Denver Business Journal, CO)
Beginning of end between PUSD and Challenger Center Dec 15, 2007
The transaction would not end there Knight Group plans to then sell the property and improvements to the Challenger on an installment basis secured by a deed of trust. One point in the proposal said Challenger could open a charter school in the facility to generate revenue to pay off the note. (Peoria Times, AZ)
Beachwood could cost Half Moon Bay more than $36,795,000 Dec 6, 2007
The Half Moon Bay Review. Beachwood could cost Half Moon Bay more than 36,795,000. (Half Moon Bay Review, CA)
Mortgage fraud scheme: Despite the woes, some walked away winners from foreclosures Dec 6, 2007
Although it s been more work, Dirnberger s office has also benefitted through fees collected for warranty deeds, marriage waivers, deeds of trust, deed of trust assignments, appointments of successor trustee and foreclosures. All in all, Dirnberger estimated $19,000 in fees to the state and more than $40,000 to Scott County. (Skieston Standard Democrat, MO)
Mortgage fraud scheme: How it worked Dec 6, 2007
There, he signed loan papers as well as a deed of trust in favor of Argent Mortgage Company LLC. He says he did not see any money being exchanged at the closing. Later, he received a $3,000 check from McBride explaining that it was just in case I needed extra money to make up a shortfall if we didn t have enough to make the mortgage payments. (Skieston Standard Democrat, MO)
Local real estate market continues to do well Dec 6, 2007
"When a deed of trust is made, you go to the bank, and you borrow money. You are the grantee, and the bank is the grantor. But there is a trustee put in there for the bank, for that lender.". Accordingly, Pehle stated: "Our first hint that there is a problem is when the appointment of a successor trustee deed comes in. And I would say that it has gone up a little bit within the last year-and-a-half.". (Mexico Ledger, MO)
Funds Approved for New Plant Dec 5, 2007
On a related economic development project, PIP asked the county to approve a change in the deed of trust transfer agreement between Marion Precision Tool, Southern Floorcovering iors and the county ... In exchange, Southern Floorcovering will be released from the remaining obligations under the deed of trust agreement ... Under the amended agreement, Marion Precision Tool has agreed to meet these conditions: accept the deed of trust of $35,984 to secure its obligations, construct a building on... (The Pilot Newspaper)
FP Newspapers Income Fund Reports Third Quarter 2007 Results Nov 14, 2007
Distributions are determined by the Trustees in accordance with Deed of Trust of the Fund and are primarily dependant upon the amount of interest and distributions received from FPLP. Because amortization charged as an expense in calculating net income of FPLP in accordance with GAAP has exceeded capital expenditures charged as a reduction of distributable cash of FPLP in all periods, this result is not unexpected ... The Fund believes that in addition to the disclosure of cash flow from... (CCNMatthews Press Releases)
Retail plan stalled in E. San Jose Nov 12, 2007
86 million, according to an amended deed of trust filed Sept. 29, 2006, with the Santa Clara County Clerk-Recorder's Office. The original deed of trust, filed in March 2005, gave a loan amount of $18 million. (San Jose Business Journal, CA)
Dallas firm partners with Crescent Resources on project Nov 10, 2007
A deed of trust recorded Oct. 30 shows BofA (NYSE:BAC) has loaned $51. 07 million to South End Bland, a limited liability company Crescent has created for the development. (Dallas Business Journal, TX)
Enerflex Announces Third Quarter 2007 Financial Results Nov 6, 2007
Enerflex Systems Income Fund is an open-ended mutual fund trust governed by the laws of Alberta pursuant to a Deed of Trust dated August 22, 2006. On October 2, 2006, the Fund, Enerflex Systems Holdings Trust (the "Trust"), Enerflex Holdings Limited Partnership (the "Partnership"), Enerflex Holdings General Partner (the "General Partner"), Enerflex Systems Ltd. (the "Company") and Enerflex Acquisition Ltd. ("AcquisitionCo") completed an Arrangement Agreement (the "Arrangement") dated August 25,... (CCNMatthews Press Releases)
Losing Neverland? Oct 27, 2007
The $20 million loan was secured against the deed of trust for Neverland and is separate from the $300 million loan secured by Jackson s stake in Sony/ATV Music Publishing. The papers filed are titled Notice of Default and Election to Sell. (Fox News)
S.J. man pleads guilty to bilking friend in inheritance scam Oct 18, 2007
In May 2006, Wang and his wife met with Lu and signed a $370,000 promissory note and a deed of trust as security for the loan. However, the day before that meeting, Wang and his wife had closed on a refinancing of their home. (San Francisco Chronicle)
Park Hills to raise city's water rates Sep 13, 2007
Approved a resolution to release a tax lien, a note and a deed of trust to clear the way for ownership of the site of a demolished building. Agreed to move a certificate of deposit to an account with New Era Bank that pays 5. (Park Hills Daily Journal, MO)
McCormick had 6 cents in his pocket Sep 7, 2007
McCormick borrowed $300,000 from Shahla Rezvani days before his disappearance and told her he would make out a deed of trust as security, Maitland said. "The basis of our lawsuit was, we assumed that John just had to disappear before he could get a deed of trust recorded," Maitland said ... "I'm hoping that now that John's here, he'll go ahead and sign the deed of trust."The trustee for McCormick's bankruptcy continues to liquidate his assets, and no creditors will be paid until that process is... (News & Observer)
Housing Counsel: Creative Financing -- A Wrap-Around Mortgage Aug 27, 2007
This note will be secured by a second deed of trust recorded against the property ... However, if the existing loan can be paid off by the seller, it would be best for the seller to go to settlement, and take back a first deed of trust. (RealtyTimes)
Long Gulch project could be in jeopardy Aug 14, 2007
The note is secured by a deed of trust on 1,017 ... 58 acres including the land in the deed of trust since the end of June last year, racking up a debt of $73,960 ... Representatives of Petaluma-based Long Gulch Ranch, Limited Partnership, which holds the $3 million deed of trust note, declined to comment. (The Union Democrat)
Magna Entertainment Corp. announces results for the second quarter ended June 30, 2007, Strategic Review of Assets and Operations and immediate Corporate Initiatives Aug 10, 2007
The revolving loan agreement is guaranteed by the Company's wholly-owned subsidiary, the Los Angeles Turf Club, Incorporated ("LATC") and is secured by a first deed of trust on Santa Anita Park and the surrounding real property, an assignment of the lease between LATC, the racetrack operator, and The Santa Anita Companies, Inc. ("SAC") and a pledge of all of the outstanding capital stock of LATC and SAC. At June 30, 2007, the Company had no borrowings under the revolving loan agreement (December... (Yahoo! Wire -- Entertainment News)
Dillon Town Manager Can't Afford To Live In Dillon Jul 30, 2007
The town holds a second deed of trust on his home and is earning equity on its portion. Batchelder said his contract is similar to ones with managers in other West Slope resort communities, including Steamboat Springs, Winter Park, Granby, Telluride and Crested Butte. (CBS 4, CO)
Complaint filed over Murkowski land deal Jul 26, 2007
Anchorage Daily News. Coverage of the competition rich in Native history. (Anchorage Daily News)
Housing Counsel: Understanding the Terms of Your Mortgage Jul 15, 2007
You will have to sign such papers as "the good faith estimate," the "truth in lending statement," the financial information form, a promissory note, a deed of trust and the HUD-1 (the settlement statement). Your lender will also have you sign other documents, most of which are designed to protect the lender against future claims that you did not fully understand the terms and conditions of the loan you are getting. (RealtyTimes)
Several Ways to Invest in Real Estate Jul 6, 2007
Mortgage/Deed of Trust: holding a mortgage or deed of trust to the property in the IRA. Tax Lien: holding a tax lien to the property in the IRA.. (RealtyTimes)
Rogers Communications Completes Previously Announced Amalgamation with its Cable and Wireless Subsidiaries Jul 4, 2007
Also, as part of the amalgamation process and as previously announced, on June 29, 2007, Cable and Wireless released all security provided by bonds issued under the Cable deed of trust and the Wireless deed of trust for all of the then outstanding Wireless and Cable public debt indentures and swaps. As a result, none of Cable's and Wireless' public debt or swaps remain secured by such bonds effective as of June 29, 2007. (PR Newswire)
Blackwell says Pinnacle productions will redeem Jul 3, 2007
375 million deed of trust. Blackwell narrowly avoided a court-ordered auction that had been scheduled for June 22 of Pinnacle's 317 acres - including the historic 2,920 sq. ft. Graves House "Dongola," four production sound studios totaling 50,000 square feet, a two-bedroom, 1,586 sq. ft. lakefront cabin, a warehouse and about 18,000 square feet of office space - by paying off his 850,000 mortgage, 33,059 in back taxes owed to the Caswell County Tax Office and other fees June 21. (Yanceyville Caswell Messenger, NC)
Anguished tales of property taken by state Jul 2, 2007
"It astounds me that my deed of trust was in the safe-deposit box -- it had the same name, the same address as my bank account," she explained. "I've been a customer of that Bank America branch for years. They'd been sending me monthly statements all along. "It was as if there was no motivation, no desire to find me," she said. The controller's office, which oversees the unclaimed property program, said it has no record of Ruff's seizure and declined further comment. Bank of America also... (San Francisco Chronicle -- Politics)
Kane nails last major plot with banks' help Jun 29, 2007
Deed of trust records show that three small banks pitched in a total of $5 million. Those banks are in Winston-Salem, in Hickory and in Raleigh. (Triangle Business Journal)
Fifteen million dollars worth of defiance Jun 21, 2007
The Angels had a contract, but not an actual deed of trust. O'Meara told them it wouldn't be long.Three weeks later, O'Meara came back and said he just needed some operating funds to keep the project moving. (Fresno Bee -- Sports)
Full story..... Jun 7, 2007
According to the notice, "Default has occurred in the payment of the note and in the performance of the obligations of the Deed of Trust. Because of that default, lender, the owner and holder of the note, has requested trustee to sell the property.". "Pretty much at this time, we have no comment," said Amie Ellison, a communications associate for the resort's Austin public relations handler. (Alpine Avalanche, TX)
Auction set for failed development site May 28, 2007
The deed of trust filed in February 2005 with Cole County Recorder Larry Rademan showed the loan agreement required nterest payable every 180 days. he 10 acres was designed to be a commercial development, Schreimann explained last week. (Jefferson City News Tribune, MO)
Councillor criticises painting sale meeting plan May 22, 2007
The Supreme Court will today hear the council's application to alter the deed of trust governing the Hinton Collection that houses the painting, to pave the way for the half sale to the Art Gallery of New South Wales. Cr Herman Beyersdorf says it is arrogant to call a special meeting before the Supreme Court has made its decision. (ABC News Online, Australia -- Arts)
Housing Counsel: Working With Real Estate Professionals May 21, 2007
Lenders will require a buyer to sign a promissory note, and a deed of trust. The latter which is recorded on land records in the jurisdiction where your property is located is the security for the lender and is also referred to as a "mortgage". (RealtyTimes)
Housing Counsel: Taking Back a Second Trust May 14, 2007
When you borrow money to buy a house, in order to insure that the lender will ultimately get paid, the buyer/borrower signs a promissory note and a deed of trust ... Accordingly, to further protect the lender's investment, the borrower also signs a deed of trust ... This document is recorded among the land records where the property is located, so as to put the entire world on notice that title to the house is subject to that deed of trust. (RealtyTimes)
Platte Co. aids area enterprises with loans May 10, 2007
The county also will file a deed of trust on Adamy's personal residence in Columbus. The development district's 80,000 will be backed by a second lien position on the business and personal property, including the real estate (except for the mobile home) and will file a Deed of Trust on Adamy's personal residence subordinate to BankFirst. (Columbus Telegram, NE)
Housing Counsel: Foreclosures are Impacting Condominium Projects Apr 30, 2007
The lien shall also be prior to a mortgage or deed of trust. recorded after March 7, 1991, to the extent of the common expense assessments based on the periodic budget adopted by the unit owners' association which would have become due in the absence of acceleration during the 6 months immediately preceding institution of an action to enforce the lien. (RealtyTimes)
Housing Counsel: Buying Foreclosure Property is Risky Business Apr 23, 2007
Keep in mind that when you borrow money to buy or refinance a home, you sign two legal documents: (1) a promissory note, whereby the borrower agrees to pay the lender pursuant to the terms of that document, and (2) a deed of trust (also known as the mortgage) which is the document which allows the lender to foreclose on the property. The deed of trust is recorded among the land records in the jurisdiction where the property is located. (RealtyTimes)
Condo project is kaputResidents uneasy as auction block looms Apr 20, 2007
The auction, which is part of foreclosure proceedings initiated by substitute trustees for CBRE Realty Finance, which holds the third deed of trust, is set for May 4 at 11 a.m.. The buyer will not only have to produce the winning bid, but he also will have to pay a $1 million deposit at the time of the auction and pay 10 percent of the purchase price within 72 hours. (Towson Times, MD)
Can Triton renegotiate terms in time to avoid foreclosure? Apr 20, 2007
A.J. Billig uctioneers is advertising the sale for May 4 at 11 a.m. The auction is part of foreclosure proceedings initiated by substitute trustees for CBRE Realty Finance, which holds the third deed of trust. But a Triton official predicted that the auction will not occur. (Towson Jeffersonian, MD)
Valencia rides America's Cup winds of change Apr 17, 2007
The real prize, though, is not the trophy itself, but the victor's right to pick the next host city through a deed of trust that dates back to the early competition. And that is an extremely delicate subject. (International Herald Tribune -- Sports)
Lenders reach out to keep homeowners from foreclosure Apr 13, 2007
Any shortfall between the amount of the new loan and the balances owed on the unaffordable previous loan would be recast into a "soft" second lien - a second mortgage or deed of trust carrying a minimal or zero interest rate and no monthly payments. The second lien would be due and payable in a lump sum at any subsequent sale of the property, or whenever the borrowers could afford to retire the debt. (Sunspot.net -- Business)
Public Notices for Wednesday, April 4th, 2007 Apr 5, 2007
T.S. No. 06-5901-CA Loan No. 1002140600 NOTICE OF TRUSTEE S SALE YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 6/1/2005. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER. A public auction sale to the highest bidder for cash, cashier s check drawn on a state or national bank, check drawn by a state or federal credit union, or a check drawn by a state or federal... (Santa Maria Times)
Curbing appeal Mar 27, 2007
The other would add the name of the mortgage broker to a property's deed of trust alongside that of the actual lender to make it easier for regulators to spot patterns in bad loans. Both bills are currently in the Committee on the Judiciary in the House, with Senate introduction still pending. (Triad Business Journal, NC)
Housing Counsel: You Don't Need Your Old Deed Mar 26, 2007
You should also get a copy of the deed of trust (the mortgage document) and the promissory note which you signed at settlement. Hopefully, you will never need these documents, but should the lender send you a letter stating that you are in default on your loan obligations, it is always a good idea to refer back to these documents. (RealtyTimes)
Coquille councilors ponder parceling land for sale Mar 24, 2007
The council agreed to the two figures, but balked at carrying a 30-year deed of trust and offering a 5 percent interest rate. When the city countered the offer, Palmoutsos opted not to negotiate. (Coos Bay-North Bend The World, OR)
Essential Energy Services Trust Releases Record Fourth Quarter and Year End Results Mar 20, 2007
Essential Energy Services Trust ("Essential" or the "Trust") is an open-ended unincorporated investment trust governed by the laws of the province of Alberta and created pursuant to a deed of trust dated April 4, 2006 between Olympia Trust Company and Avenir Diversified Income Trust ("Avenir"). Pursuant to Section 193 of the Business Corporations Act (Alberta), under a Plan of Arrangement entered into by the Trust, Avenir Diversified Income Trust, Avenir Operating Trust, Avenir Operating Corp.,... (CCNMatthews Press Releases)
Charges Mount Against Priest Accused of Embezzlement Mar 12, 2007
The investigation of Rodis also uncovered court records listing Rodis and Joyce Sillador-Rodis as husband and wife on a deed of trust for a mortgage on a house they shared with three children in Spotsylvania County. Rodis has denied being married to the woman, although neighbors say he has referred to her as his wife for the past decade. (ABC 7 News, DC)
Firefighters tackle smoke stack Mar 8, 2007
Since the owner failed to execute a warranty deed, the city's petition states the deed of trust and note should be void. According to the petition, if the court were to find against the city's claim, then Bonne Terre officials would seek 100,000 in damages, since the officials also allege the Reynolds promised to remove machinery from the building within 30 days of the purchase. (Park Hills Daily Journal, MO)
Coquille agrees to sell land, city hall Mar 8, 2007
The deal includes a 100,000 down payment with the city carrying a promissory note and deed of trust for a period of 30 years. Palmoutsos requested a 5 percent interest rate, though the council requested O'Connor to negotiate that figure as well as the length of the note. (Coos Bay-North Bend The World, OR)
Newalta Income Fund Announces Results for the Fourth Quarter and Year-Ended 2006 Mar 8, 2007
Newalta Income Fund (the "Fund") was established by Deed of Trust dated January 16, 2003. The Fund is a Canadian income trust engaged, through its wholly owned operating subsidiaries Newalta Corporation (the "Corporation") and Newalta Industrial Services Inc. ("NISI" and together with the Fund and the Corporation, "Newalta"), in adapting technologies to maximize the value inherent in industrial waste through the recovery of saleable products and recycling. (CCNMatthews Press Releases)
Public Notices for March 6th, 2007 Mar 7, 2007
OSTAC NOTICE OF TRUSTEE'S SALE T.S. No: F339705 CA Unit Code: F Loan No: 0253370118/DAHMEN Investor No: 708 AP #1: 129-240-32 MELMET DEFAULT SERVICES INC.,, as duly appointed Trustee under the following described Deed of Trust WILL SELL AT PUBLIC AUCTION TO THE HIGHEST BIDDER FOR CASH (in the forms which are lawful tender in the United States) and/or the cashier's, certified or other checks specified in Civil Code Section 2924h (payable in full at the time of sale to T.D. Service Company) all... (Santa Maria Times)
Check details to pay off mortgage Mar 5, 2007
Ask how long the lender usually takes to process a final payment and send you either the deed of reconveyance (for a deed of trust) or a mortgage satisfaction (for a mortgage payoff). This should take no more than 30 days after the lender receives your payment. (San Francisco Chronicle -- Politics)
Public Notices for Thursday, March 1st, 2007 Mar 2, 2007
NOTICE OF TRUSTEE'S SALE T.S No. 1091725-02 APN: 117-114-06-00 TRA: 003000 LOAN NO: XXXXXX6623 REF: Vazquez, Jose M. IMPORTANT NOTICE TO PROPERTY OWNER: YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED August 20, 2004. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER. On March 14, 2007, at 1:00pm, Cal-Western Reconveyance Corporation, as duly appointed trustee under... (Santa Maria Times)
Housing Counsel: Like-Kind Starker Exchange Feb 26, 2007
The buyer signs a promissory note and secures the house with a deed of trust. This is known as an installment sale, and will allow you to spread out the tax payments over the life of the loan. (RealtyTimes)
GRIDLEY CITY COUNCIL HEARS CONCERNS OF RESIDENTS ON AUDIT REPORT Feb 24, 2007
The loan will be secured by a deed of trust on the property at 540 Washington Street ... -Council authorized Mayor Fichter to sign a Deed of Trust and associated note for 540 Washington Street securing the Commercial Lighting Program and instructed staff to record the documents. (Gridley Herald, CA)
Lawsuit: Daniloo robbed parents Feb 9, 2007
His bankruptcy attorney, Dan Nelson, said David and Susie Daniloo are trying to cancel the deed of trust that resulted in the refinancing. It isn't clear whether they will declare the documents bogus in state court or U.S. Bankruptcy Court, Nelson said. (Modesto Bee, CA)
Public Notices for Monday, February 5th, 2007 Feb 6, 2007
NOTICE OF TRUSTEE'S SALE T.S. No. GM-94714-C Loan No. 0360003292 YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 6/24/2005 ... The sale will be made, but without covenant or warranty, expressed or implied, regarding title, possession, or encumbrances, to satisfy the obligation secured by said Deed of Trust ... NOTICE OF TRUSTEE'S SALE TS No. 06-23681 Doc ID #0001142852332005N Title Order No. 06-8-210132 Investor/Insurer No. 114285233 APN No. 128-145-16 YOU ARE IN DEFAULT UNDER A DEED OF TRUST,... (Santa Maria Times)
City's loan program getting attention Feb 5, 2007
Additionally, collateral of a second deed of trust on the company's commercial building is required. Winkles expects success with the expansion because kitchen and bath upgrades enhance a home's value, and with Dream Maker Bath and Kitchen customers can take the headache out of a home remodel. (Santa Maria Times)
