Filed: May 26, 2017
Latest Update: May 26, 2017
Summary: JUDGMENT TO DISBURSE INTERPLEADED FUNDS OTIS D. WRIGHT, II , District Judge . Pursuant to the parties' Stipulation to Disburse Interpleaded Funds, all evidence properly on the record, and for good cause, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the Los Angeles County Superior Court Clerk distribute the $82,016.65 of interpleaded Surplus Funds from case number YS029210, Department B, as follows: Party Check Payee Amount Address The United
Summary: JUDGMENT TO DISBURSE INTERPLEADED FUNDS OTIS D. WRIGHT, II , District Judge . Pursuant to the parties' Stipulation to Disburse Interpleaded Funds, all evidence properly on the record, and for good cause, IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the Los Angeles County Superior Court Clerk distribute the $82,016.65 of interpleaded Surplus Funds from case number YS029210, Department B, as follows: Party Check Payee Amount Address The United ..
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JUDGMENT TO DISBURSE INTERPLEADED FUNDS
OTIS D. WRIGHT, II, District Judge.
Pursuant to the parties' Stipulation to Disburse Interpleaded Funds, all evidence properly on the record, and for good cause,
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the Los Angeles County Superior Court Clerk distribute the $82,016.65 of interpleaded Surplus Funds from case number YS029210, Department B, as follows:
Party Check Payee Amount Address
The United States The United States of $42,100.83 AUSA Charles Parker
of America America 300 N. Los Angeles St.
Suite 7211
Los Angeles, CA 90012
Hanmi Bank Hanmi Bank $19,957.91 Law Ofcs of James W. Bates
2418 Honolulu Ave., Suite J
Montrose, CA 91020-1843
Anil Prasad, Anil Prasad, Trustee $19,957.91 3734 S. Canfield Ave #103
Trustee of the Los Angeles, CA 90034
Prasad Family
Irrevocable Trust
dated November
13, 2014, EIN 47-6614251
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that any interest that may accumulate on the Surplus Funds while in possession of the Los Angeles County Superior Court Clerk shall be distributed to the parties in the following percentages:
The United States of America 50%
Hanmi Bank 25%
The Prasad Trust 25%
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that petitioner Mortgage Lender Services, Inc., pursuant to California Civil Code section 2924k(a)(1), is entitled to $1,750 trustee's fees and the $435.00 filing fee, which Mortgage Lender Services, Inc. retained prior to depositing the Surplus Funds with the Superior Court. Fees paid to Mortgage Lender Services, Inc. pursuant to Section 2924k(a)(1) shall not decrease the amount of Surplus Funds paid to the United States. No further sums shall be paid to Mortgage Lender Services, Inc.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, except for the payments to Mortgage Lender Services, Inc. described above, the parties will each bear their own costs and attorney's fees.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that nothing in this order waives or limits the IRS's right to collect any tax liabilities that were not satisfied through payment of the Surplus Funds, including assessments listed in the Stipulation, and any other assessments not discussed in the Stipulation.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Court will retain jurisdiction to ensure the Surplus Funds are properly distributed by the Clerk of the California Superior Court, County of Los Angeles.
