CATEGORY: Real Property
DESCRIPTION: 15094 Nurmi Street, Sylmar, CA 91342 (the “Nurmi Property”)
METHOD OF SALE:
Offer Subject to Overbid
Auction: January 5, 2022 at 11:00 a.m. before the Honorable Martin Barash, Courtroom 303, (Telephonic Only)
The Trustee proposes to sell the Nurmi Property to proposed buyer pursuant to 11 U.S.C. §§ 363(b) and (f) for a purchase price of $425,000.00. The property is being sold on an “AS IS, WHERE IS” basis without any warranties, express or implied, and without any contingencies, and free and clear of all liens, claims interests, and encumbrances, with such liens, claims, interests, and encumbrances to attach to sale proceeds. Potential purchasers seeking to submit an overbid must submit offers to counsel for the Trustee and Trustee no later than one day before the hearing on the Motion (January 4, 2022) via email directed to Diane C. Weil (email@example.com), David Seror (firstname.lastname@example.org), and Tamar Terzian (email@example.com) of intent to overbid and proof of financial ability to close escrow.
The initial Overbid is: $470,000.00; Subsequent Overbid Increments are: $5,000.00. To qualify, Overbidders must deposit: $21,500.00 and provide proof of financial ability to close escrow. The deposit must be remitted to the Trustee no later than three days prior to the hearing, payment in the form of a cashier’s check only (no other form of payment shall be accepted) made payable to “Diane C. Weil, Chapter 7 Trustee”.
TRUSTEE NAME: Diane C. Weil, Chapter 7 Trustee
David Seror, Esq.
Tamar Terzian, Esq.
21650 Oxnard Street, Suite 500
Woodland Hills, CA 91367
Telephone: (818) 827-9000
Facsimile: (818) 827-9099
CASE NAME: In re Valley Enterprises T.S., Inc.
CASE NUMBER: 1:20-bk-11784-MB
DELETION DATE: January 6, 2022 (Note: If you do not specify a deletion date, your sale will be automatically deleted 90 calendar days after posting.)
SUBMITTED BY: Diane C. Weil, Chapter 7 Trustee DATE: December 15, 2021