Professional Documents
Culture Documents
Robert B. Orgel (CA Bar No. 101875) Samuel R. Maizel (CA Bar No. 189301) Jeffrey L. Kandel (CA Bar No. 115832) PACHULSKI STANG ZIEHL & JONES LLP 10100 Santa Monica Blvd., 11th Floor Los Angeles, California 90067-4100 Telephone: 310/300-2027 Facsimile: 310/201-0760 Email: jkandel@pszjlaw.com Attorneys for Thomas P. Jeremiassen, EFI Trustee UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA NORTHERN DIVISION In re: ESTATE FINANCIAL, INC., Chapter 11 Debtor. NOTICE OF TRUSTEES PROPOSED: DISTRIBUTION OF PROCEEDS FOLLOWING ACCEPTANCE OF SHORT PAY REGARDING REAL PROPERTY KNOWN AS LOT 7/LOT 1033, TRACT 1000, WOODLAND HILLS, CA (LOANS B190-05 and B645-05) Case Nos.: 9:08-bk-11457-RR and 9:08-bk-11535-RR
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TO SUBJECT INVESTORS, U.S. TRUSTEE, EFI CREDITORS COMMITTEE, EFMF TRUSTEE, EFMF EQUITY COMMITTEE, SPECIAL NOTICE PARTIES IN EFMF CASE AND EFI CASE, ANY HOLDERS OF SECURITY INTERESTS IN ANY ASSET(S) THAT MAY BE ADVERSELY AFFECTED BY THE DISTRIBUTION, (COLLECTIVELY, THE NOTICE PARTIES) AND, VIA THE TRUSTEES WEBSITE, TO ALL CREDITORS AND PARTIES IN INTEREST: PLEASE TAKE NOTICE THAT: 1. Purpose. This notice (the Notice) is being filed on behalf of the chapter 11 trustees
(the Trustees) in the above-captioned cases,1 with due authorization of the EFMF Trustee and his
On June 25, 2008, an involuntary petition was filed against EFI in Court commencing its above-captioned bankruptcy case (EFI Case) and on July 16, 2008, an order for relief was entered by consent. On July 1, 2008, a voluntary bankruptcy petition was filed in the Court by EFMF commencing its bankruptcy case (EFMF Case). EFMF is the
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counsel, because the Trustees believe it is in the best interests of their respective estates now that various accounting issues have been resolved to distribute (the Distribution) the proceeds of the short-pay transaction (the Short Pay) which the EFI Trustee entered into with the borrower (the Borrower) of the loan referenced above (the Loan). The Trustees propose to effectuate the Distribution in accordance with the attached distribution proposal summarized on Exhibit A hereto (the Distribution Proposal) and as more fully set forth below. 2. Background. a. On October 27, 2008, the United States Bankruptcy Court for the Central District of California (the Court) entered the Procedures Order re: (1) Real Property Sales and Related Distributions and Payments, Including Brokerage Commissions; (2) Loan Payoffs and Reconveyances; (3) Related Compromises; (4) The Making of Secured Advances; and (5) Loan Collection, Administration and Enforcement, Including Foreclosures, Forbearances, and Deeds in Lieu [EFI Docket No. 271, EFMF Docket No. 126] (the Procedures Order). Pursuant to the Procedures Order, to facilitate the efforts of the Trustees to take a variety of actions in a timely and cost-effective manner with respect to loans and / or real properties in which the estates hold interests, or which were being serviced or managed by EFI, and in which various co-owners hold interests (or investors contend they hold co-ownership interests), the Court granted the Trustees authority to make distributions on account of short-pays after, inter alia, giving notice and opportunity to object. b. On March 23, 2009, the Trustees filed and served their Notice of Trustees' Proposed: (1) Acceptance of Short Pay (Lot 7/Lot 1033, Tract 1000, Woodland Hills, CA, ); (2) Reconveyance of Deeds of Trust and Payment of Related Costs; and (3) Mutual Release Agreement. Declarations of Disinterestedness (Loans B190-05 and B645-05) [EFI Docket No. 421; EFMF Docket No. 210] (the Short Pay Notice). The Short Pay Notice specifically required that any objections be filed with the Court by March 30, 2009. On April 15, 2009, the Trustees filed their Ex
largest investor in loans arranged by EFI. It is a limited liability company and EFI was its manager. On July 28, 2008, Bradley D. Sharp accepted his appointment as chapter 11 trustee of EFMF (EFMF Trustee) and on July 30, 2008, Thomas P. Jeremiassen accepted his appointment as the chapter 11 trustee of EFI (the EFI Trustee). Thereafter, the Trustees have served as the duly qualified and acting chapter 11 trustees of their respective estates. As of the date of this notice, an official committee of investors of EFMF has been appointed (the EFMF Equity Committee), and an official committee of unsecured creditors of EFI has been appointed (the EFI Creditors Committee). An official committee of unsecured creditors has not been appointed in the EFMF Case.
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Parte Motion of Trustees Pursuant to Prior Procedures Order for Order Regarding: (1) Acceptance of Short Pay (Lot 7/Lot 1033, Tract 1000, Woodland Hills, CA, ); (2) Reconveyance of Deeds of Trust and Payment of Related Costs; and (3) Mutual Release Agreement. Declarations of Disinterestedness (Loans B190-05 and B645-05) [EFI Docket No. 474; EFMF Docket No. 244] . On April 17, 2009, the Court entered an order authorizing the acceptance of the Short Pay (the Short Pay Order), and, as requested by the Trustees, providing that all proceeds from the Short Pay (except brokerage commissions and closing costs) were to be placed in a segregated account pending resolution of the disbursement of proceeds [EFI Docket No. 488; EFMF Docket No. 260]. The Short Pay has since been paid to the EFI Trustee and the EFI Trustee is holding the proceeds in accordance with the Short Pay Order. c. On April 1, 2009, the Trustees filed their Joint Motion of Chapter 11 Trustees to (1) Authorize Settlement Parameters with Investors in EFI Originated Loans and (2) Approve Settlement Agreement Between EFI and EFMF in Accordance with Settlement Parameters; Memorandum of Points and Authorities [EFI Docket No. 442; EFMF Docket No. 222] (the Settlement Motion) to, among other things, establish a framework for settlement for those investors whose investments were not properly recorded or had similar defects. On June 10, 2009 in the EFMF case, and June 11, 2009 in the EFI case, the Court entered the Order Granting Joint Motion of Chapter 11 Trustees to (1) Authorize Settlement Parameters with Investors in EFI Originated Loans and (2) Approve Settlement Agreement Between EFI and EFMF in Accordance with Settlement Parameters [EFI Docket No. 555; EFMF Docket No. 305] (the Settlement Order) which approved, among other things, the settlement parameters (the Settlement Parameters) contained in the Settlement Motion. 3. Proposed Treatment of Investors. The treatment specified in this Distribution for
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persons who provided funds for the loans arranged by EFI with respect to the Property (or their assignee(s)) (Subject Investors) shall be applicable regardless of how such Subject Investors characterize their position, e.g., whether as creditor, secured creditor, tenant in common or co-owner, and regardless of whether the Subject Investor has filed a proof of claim with respect to such claim or interest.
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a.
The Trustees propose to make distributions to, or segregate amounts for, the
Subject Investors as set forth on Exhibit A-3 and summarized on Exhibit A-1. Any proposed distributions to Subject Investors may be subject to the particular Subject Investor consenting thereto and executing certain documents as set forth in a separate letter being sent to the Subject Investors by the Trustees. b. Whenever a Proposed Unsecured Claim is listed for an investor on Exhibit
A-1, that investor faces an issue addressed in the Settlement Motion and therefore cannot receive a current distribution absent settlement with the EFI Trustee. When such Proposed Unsecured Claim is listed, that means for affected investors who enter into a settlement agreement with the EFI Trustee, the EFI Trustee (1) will distribute the proceeds to the affected investors in accordance with Exhibit A-3 and summarized on Exhibit A-1; and (2) will allow a claim in accordance with the Settlement Parameters as specified on Exhibit A-3 and summarized on Exhibit A-1. i. For affected investors, the Proposed Settlement/Treatment Summary (Exhibit A-1) provides a summary of what each affected investor will receive if they settle with the EFI Trustee. Each proposed distribution to an affected investor is subject to that investor consenting to the Settlement Parameters and executing certain documents as set forth in a separate letter being sent to the Subject Investors by the Trustees. ii. If an affected investor does not consent to the Settlement Parameters and execute the necessary documents, the EFI Trustee will hold the amount listed in the Allocation of Net Proceeds column by that investors name on Exhibit A-3 in an account segregated for accounting purposes for such investor. Money so held hereafter may be released upon subsequent settlement within the Settlement Parameters or by obtaining further approval of the Court. 4. Distributions for Advances, Etc.. As provided in the Procedures Order, the
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Distribution Proposal includes payment to EFI for advances, fees and other miscellaneous items. Recoupment for these items is provided for in the Procedures Order due in part to the provisions of
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the Loan Servicing Agreement (LSA) executed by each investor and due in part to the common benefit afforded by such expenditures. The Trustees are requiring recoupment of advances and these other miscellaneous items to ensure fairness to, and an opportunity for recovery for, creditors of EFI (which creditors include EFMF and its investors). a. As already set forth by the Trustees in the Procedures Motion, advances were permitted under the LSA for costs and expenses as [EFI] may reasonably determine are necessary to protect the [investors] interest in and to enforce the [investors] rights under the Loan Documents and, if necessary, to manage, refinance or sell the Property and may include, without limitation, the costs and expenses of engaging attorneys, accountants and other third parties. Also, under the LSA, advances are subject to repayment with interest at the maximum legal rate and EFI is entitled to an annual one percent servicing fee. Thus, for each loan, the Trustees propose to receive as advances a fixed amount or percentage payment to contribute towards the postpetition costs of attorneys, accountants and other third parties of resolving distribution or other issues relating to the particular loan or property, determined taking into account the number of Subject Investors, known issues, the extent of the interests of the estates of EFI or EFMF, available funds or other matters. b. For some loans and real properties, advances, which sometimes are quite substantial, are evident from EFIs books and records. The Trustees view charges as applicable to a loan, property or their investors when used, by example, for construction costs for the property, maintenance costs, foreclosure costs, borrower advances or payments to investors of principal or interest. Roughly $18 million in advances on the various EFI loans are reflected in EFIs books and they often appear to have been made from monies from EFMF. c. Some items labeled in EFIs books as advances to particular loans, however, were used instead for other loans, properties or purposes and some advances to or for the benefit of loans were not booked as such, but are nonetheless traceable through EFIs books and records as having benefited a subject property and having come from funds contributed by other investors, EFMF or EFIs general funds. Thus, as part of the reconciliation process, the Trustees are validating the amounts appearing to have been used for the particular loan or real property or for the relevant
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investors and recoupment for such advances only is being sought after such validation process has been undertaken. 5. Objection Deadline. A party objecting to the Distribution must file with the
Bankruptcy Court and serve on the Notice Parties listed above and below its objection and a request for a hearing no later than September 14, 2009. IF YOU FAIL TO OBJECT AND REQUEST A HEARING IN ACCORDANCE WITH THIS NOTICE, THE EFI TRUSTEE AND EFMF TRUSTEE HAVE BEEN AUTHORIZED TO EFFECTUATE THE DISTRIBUTION WITHOUT FURTHER COURT HEARING OR ORDER. If a timely objection and request for hearing is filed and served (and not withdrawn), the applicable Trustee shall schedule and give not less than 10 days notice of a hearing (with no enlargement thereto for non-Court days or Holidays) at which Court approval will be sought for the Distribution Proposal. Thereafter, any further papers by any party with respect to the matter shall be filed and served by personal service, email, fax or overnight delivery upon the Notice Parties no later than six (6) days after service of the hearing notice (with no enlargement thereto for non-Court days or Holidays). 6. Copies of the Procedures Order and Related Documents. The Procedures Order, this
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Notice and related documents are available for review on the Trustees website (http://www.omnimgt.com/estatefinancial) and at the Bankruptcy Court in the Office of the Clerk. Upon request, the Trustees will provide you with a copy of the Procedures Order and/or related documents if you provide payment for copying and postage costs. You may request copies of these documents by leaving a message specifically identifying the documents you seek for Jorge Rojas at (310) 300-2027 or sending a facsimile requesting such documents to (310) 201-0760. 7. Service Addresses. For purposes of service for which dates are set forth herein, the
following parties shall be served as follows: (a) the EFI Trustee, through his counsel, Jeffrey L. Kandel, Esq., Pachulski, Stang, Ziehl & Jones, 10100 Santa Monica Blvd, 11th Floor, Los Angeles, CA 90067; (b) the EFMF Trustee, through his counsel, David M. Poitras, Esq., Jeffer Mangels Butler & Marmaro, LLP, 1900 Avenue of the Stars, 7th Floor, Los Angeles, CA 90067; (c) Subject Investors as set forth on Exhibit B hereto;
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(d) the Office of the U.S. Trustee, 128 E. Carrillo Street, Santa Barbara, CA 93101; Attn: Brian Fittipaldi, Esq. (Facsimile (805) 957-4103); (e) the EFMF Equity Committee through its counsel, Peter Susi, Esq., Michaelson, Susi & Michaelson, 7 West Figueroa Street, 2nd Floor, Santa Barbara, CA 93101-3191; (f) the EFI Creditors Committee through its counsel, Larry W. Gabriel, Esq. and Robyn Sokol, Esq., Ezra Brutzkus Gubner LLP, 21650 Oxnard St., Suite 500, Woodland Hills, CA 91367; (g) special notice parties whose addresses are available from the Bankruptcy Court, and, without warranty as to completeness or accuracy, are also available at http://www.omnimgt.com/estatefinancial,2 on which website the Trustees have posted the list they are utilizing therefor; and (h) holders of security interests in any asset(s) that are the subject of and proposed to be adversely affected by the Distribution set forth on Exhibit C. Dated: September 4, 2009 PACHULSKI STANG ZIEHL & JONES LLP
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By
/s/ Jeffrey L. Kandel Robert B. Orgel Samuel R. Maizel Jeffrey L. Kandel Attorneys for the EFI Trustee
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The Trustees will periodically update versions of the special notice list on the website listed above. This is being done as a matter of convenience but no third party should rely on the completeness or accuracy of this list. The Courts docket may be checked directly to determine who has filed requests for special notice under Bankruptcy Rule 2002(i) and the local rules.
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Exhibit A
EXHIBIT A-1
ESTATE FINANCIAL, INC.
Proposed Settlement/Treatment Summary (Loans B190-05 / B645-05)
EXHIBIT A-1
See Exhibit A-2 and Exhibit A-3 for Additional Information. Page 1 of 1
EXHIBIT A-2
ESTATE FINANCIAL, INC.
Proposed Disbursement Summary (Loans B190-05 / B645-05)
EXHIBIT A-2
Ron Coleman None 365+ Days Richard G. & Linda S. Morris $ N/A High- $199,000, Low $179,000 No Yes 245,000.00
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Prorations: Disbursements, Prorations, & Closing Costs: City/Town Tax 2/27/09 to 7/1/09 Assessments 2/27/09 to 3/1/09 Title/Escrow Charges to: Owner's Policy Escrow Fee Courier/Overnight Fee Buyer Escrow Fees Transfer Tax Recording of Grant Deed Document Prep Fee - North American Title Recording Reconveyances Sub-Escrow Fee - Ticor Title Transfer Tax Disbursements Paid: Transfer Fee NHD Report Outstanding Association Dues Tax Install: 1st 1/2 & Penalty Tax Install: 2nd 1/2 08/09 Tax Sale Good to 2/28/09 9A Report May HOA Dues - Farralone Estates HOA Total Disbursements, Prorations, & Closing Costs
614.98 207.90
(977.00) (500.00) (47.85) (690.00) (269.50) (14.00) (95.00) (45.00) (125.00) (1,102.50)
231,822.38
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EXHIBIT A-2
Disbursement to EFI Estate for Advance and Fees: Outstanding EFI Loan Servicing Fees (B190-05) Outstanding EFI Loan Servicing Fees (B645-05) Balance in Construction Trust Account (Note 1) Post Petition Loan Servicer Advances (Note 2) Administration Charge (Note 3) Total Disbursements to EFI Estate for Advances and Fees $ (1,612.99) (3,385.88) 845.00 (956.54) (20,000.00) (25,110.41)
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Total Disbursements [8 + 9]: Estimated Amount To EFI Trustee for Distribution to Co-Owners or Segregated Account (Note 4) [7 + 10]: See EXHIBIT A-3 for Distribution Allocations Proposed Net Proceeds as Percentage of Total Principal:
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16.43%
NOTES: (1) A balance remained in the construction trust account at the time of the lot payoff. Those funds will be included in the proposed distribution of proceeds pursuant to Exhibit A-3. The Bankruptcy Estate has advanced additional funds totaling $956.54 for expenses associated with the preservation of the property. Additional expenses may be incurred between the filing of this schedule and the final closing of the loan. Amount represents estimated professional fees for collateral preservation and analysis, analysis and reconciliation of loan activity, and loan disposition. Amount represents net proceeds available for distribution to Co-Owners/Investors. If any amounts are in dispute, they will be held by the EFI Trustee in a segregated account pending resolution or further Court Order.
(2)
(3) (4)
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EXHIBIT A-3
ESTATE FINANCIAL, INC.
Proposed Distribution of Proceeds and Claim Allowance (Loans B190-05 / B645-05)
EXHIBIT A-3
$206,711.97
Name Annabelle Brookins Ashley E. Abraham, Trustee [L1677] Beverly Heschke. Trustee Drew Squyres & Annamarie Squyres Estate Financial Mortgage Fund, LLC Frank Zalusky [L1714] Gordon Wallace Helen D. Thompson John W. Drake, Trustee Judith Robbins Marilynn R. Perry, Trustee Reynold Costa, Trustee [L979] Richard N. Carlson, Trustee Rick Matson, Trustee & Lauritta Sowa, Trustee Robert Robinson, Trustee & Patricia L. Robinson, Trustee Ronald Ricioli, Trustee Ronald W. Jackson & Emily J. Jackson The Jacobs Family Trust Dee V. Jacobs & Kay P. Jacobs, Trustees Thomas M. Young & Dawn R. Young
Allocation of Net Proceeds (4) $1,642.74 3,285.48 3,817.73 6,570.96 107,812.32 16,427.39 2,117.37 8,213.70 4,106.85 1,642.74 8,213.70 3,285.48 2,038.93 1,642.74 4,106.85 2,217.70 8,213.70 4,106.85 4,928.22
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EXHIBIT A-3
INVESTOR FUNDING RECONCILIATION
Per EFI Records Investment Date (1) 02/18/05 Amount Funded (2) 75,000.00 $1,258,336.99 % of Total Amount Funded (3) 5.960% 0.000% 0.000% 100.000% Allocation of Net Proceeds (4) 12,320.55 $206,711.97 Recorded Assignment Ownership % Issue in Note and DOT Code(s) (5) (6) 0.000% A 80.529% 0.000% 100.000%
Name Virgil Dawson, IRA Estate Financial, Inc. (distribution) Estate Financial, Inc. (to be held pending resolution) Totals
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EXHIBIT A-3
Notes:
(1) (2) (3) (4) (5) (6) Date of original investment. Outstanding investment amount as of the EFI bankruptcy petition date. Outstanding investment, as a percentage of total outstanding loan amount, as of the EFI bankruptcy petition date. Allocation of net sale or net loan payoff proceeds is based on investment as a percentage of total funded loan amount. Amounts may differ slightly due to adjustments to sale closing costs. Percentage of beneficial ownership in the note and deed of trust associated with this loan, resulting from the proper recording, or lack thereof, of assignment(s) in the note and deed of trust. Assignment issue codes and proposed settlements for each based on Court approved settlement parameters: A Assignment Issue: No assignment to the investor in the note and deed of trust associated with this loan was properly recorded with the Recorder for the county in which the property securing the loan is located. Proposed Settlement: Investor to receive 60% of the net distributable proceeds allocable to his or her investment, with the balance to be retained by the EFI Estate. Investor to receive an allowed general unsecured claim against EFI equal to 40% of his or her investment. B Assignment Issue: An assignment to the investor in the note and deed of trust associated with this loan was properly recorded with the Recorder for the county in which the property securing the loan is located, or title vested in the investors name upon foreclosure or a deed in lieu despite never receiving an assignment, but the recording or vesting occurred within the applicable preference period (90 days and 1 year prior to the June 25, 2008 EFI bankruptcy petition for non-insiders and insiders, respectively). Proposed Settlement: Investor to receive 68% of the net distributable proceeds allocable to his or her investment, with the balance to be retained by the EFI Estate. Investor to receive an allowed general unsecured claim against EFI equal to 32% of his or her investment. C Assignment Issue: An assignment to the investor in the note and deed of trust associated with this loan was properly recorded with the Recorder for the county in which the property securing the loan is located, but the recorded assignment percentage is less than the outstanding investment as a percentage of the funded loan amount. Proposed Settlement: Investor to receive 100% of the net distributable proceeds allocable to his or her investment up to an amount equal to the recorded assignment percentage times the total net distributable proceeds. Investor to receive 60% of the net proceeds allocable to the unassigned portion of his or her investment, with the balance to be retained by the EFI Estate. Investor to receive an allowed general unsecured claim against EFI equal to 40% of the unassigned portion of his or her investment. D Assignment Issue: An assignment to the investor in the note and deed of trust associated with this loan was properly recorded with the Recorder for the county in which the property securing the loan is located, but the recorded assignment percentage is greater than the outstanding investment as a percentage of the funded loan amount. Treatment: Investor to receive 100% of the net distributable proceeds allocable to his or her investment, based on his or her outstanding investment as a percentage of the funded loan amount, not on the assignment percentage. Investor does not receive an allowed general unsecured claim against EFI.
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EXHIBIT A-3
E Assignment Issue: An assignment to the investor in the note and deed of trust associated with this loan was properly recorded with the Recorder for the county in which the property securing the loan is located, but EFIs books and records reflect that the investor does not have an outstanding investment in this particular loan (e.g. investor previously received a return of his or her investment). Treatment: Since there is no outstanding investment to which net distributable proceeds would be allocable, the investor would not receive any of the net proceeds, nor an allowed general unsecured claim against EFI. F Assignment Issue: An assignment to the investor in the note and deed of trust associated with this loan was properly recorded with the Recorder for the county in which the property securing the loan is located, but, prior to the bankruptcy petition, upon foreclosure or deed in lieu of foreclosure, the property was transferred to EFI alone without a recorded provision for holding such property in trust for the investor. Proposed Settlement: Investor to receive 95% of the net distributable proceeds allocable to his or her investment, with the balance to be retained by the EFI Estate. Investor to receive an allowed general unsecured claim against EFI equal to 5% of his or her investment. G Assignment Issue: Other assignment issue not contemplated in the approved settlement parameters. Treatment/Proposed Settlement: The net distributable proceeds allocable to the investor's investment to be held by the EFI Trustee pending resolution. The proposed settlement will depend on the particular facts of the assignment issue, but it would provide that the investor receives no less than 60% of the net distributable proceeds allocable to his or her investment, with the balance to be retained by the EFI Estate. (7) (8) The proposed distributions of estimated net distributable proceeds are based on each investor's pro-rata share of the loan. If an "assignment issue" exists, see the applicable assignment issue code above for the distribution calculation pursuant to the proposed settlement in accordance with the approved settlement parameters. In some instances, investment proceeds intended to fund a particular loan were used for other loans and collateral, or for EFI and its operations ("Unintended Loan"). In these instances, as part of the proposed settlements in accordance with the approved settlement parameters, investors would be afforded allowed unsecured claims against EFI equal to the portion of each investor's funds used for the Unintended Loan. Should there be an "assignment issue" that impairs an investor's rights to the net distributable proceeds allocable to his or her investment, as part of the proposed settlement in accordance with the approved settlement parameters, the investor would be afforded an allowed general unsecured claim against EFI, adjusted for a claim already allowed for an Unintended Loan, if any. See applicable assignment issue code above for the claim calculation.
(9)
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Reynold Costa, Trustee Richard N. Carlson, Trustee Rick Matson, Trustee Lauritta Sowa, Trustee Robert Robinson, Trustee Patricia L. Robinson, Trustee The Jacobs Family Trust Dee V. Jacobs & Kay P. Jacobs, Trustees
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Exhibit C
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In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
NOTE: When using this form to indicate service of a proposed order, DO NOT list any person or entity in Category I. Proposed orders do not generate an NEF because only orders that have been entered are placed on the CM/ECF docket.
9/4/09
Date
Megan J. Wilson
Type Name
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
William C Beall on behalf of Debtor Estate Financial Inc artyc@aol.com Mark Bradshaw on behalf of Interested Party Karen Guth mbradshaw@shbllp.com Martin J Brill on behalf of Petitioning Creditor 1994 Scott Revocable Trust mjb@lnbrb.com James L Brunello on behalf of Creditor Stan Young kateover66@yahoo.com Jerome S Cohen on behalf of Creditor William Adams jsc@jscbklaw.com Caroline Djang on behalf of Interested Party Courtesy NEF crd@jmbm.com Joseph A Eisenberg on behalf of Interested Party Estate Financial Mortgage Fund, LLC jae@jmbm.com John D. Faucher on behalf of Plaintiff Foley-Gannon, Inc. john@hurlbettfaucher.com Brian D Fittipaldi on behalf of U.S. Trustee United States Trustee (ND) brian.fittipaldi@usdoj.gov John W Fricks on behalf of Creditor Consolidated Propertys jfricks@ogdenfricks.com Thomas M Geher on behalf of Interested Party Bradley Sharp tmg@jmbm.com Robert P Goe on behalf of Creditor MACC Foundation kmurphy@goeforlaw.com David Gould on behalf of Interested Party David Gould dgould@davidgouldlaw.com Jacqueline A Gruber on behalf of Creditor US BANK, NATIONAL ASSOCIATION ecfcacb@piteduncan.com Steven T Gubner on behalf of Creditor Committee Committee Of Unsecured Creditors sgubner@ebg-law.com, ecf@ebg-law.com Ralph P Guenther on behalf of Creditor Jack Montague rguenther@montereylaw.com Robert E Hurlbett on behalf of Creditor Foley-Gannon, Inc. bob@hurlbettlaw.com Brian M Kandel on behalf of Creditor Alvand Construction
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
brian.kandel@bookandbook.com Jeffrey L Kandel on behalf of Trustee Thomas Jeremiassen jkandel@pszjlaw.com Lewis R Landau on behalf of Interested Party Estate Financial Mortgage Fund, LLC lew@landaunet.com rene Lastreto on behalf of Creditor Scott Drimmel rl2@lrplaw.net Leib M Lerner on behalf of Creditor Charles & Debra Applebaum leib.lerner@alston.com Samuel R Maizel on behalf of Trustee Thomas Jeremiassen smaizel@pszjlaw.com, smaizel@pszjlaw.com Frank F McGinn on behalf of Interested Party Iron Mountain Information Management Inc ffm@bostonbusinesslaw.com Byron Z Moldo on behalf of Creditor Highwater Granada Hills, LLC bmoldo@ecjlaw.com, tmelendez@ecjlaw.com Robert B Orgel on behalf of Debtor Estate Financial Inc rorgel@pszjlaw.com, rorgel@pszjlaw.com David M Poitras on behalf of Financial Advisor Development Specialists Inc dpoitras@jmbm.com Dean G Rallis Jr on behalf of Creditor Charles & Debra Applebaum drallis@sulmeyerlaw.com Edwin J Rambuski on behalf of Respondent James Kimball rambuskilaw@sbcglobal.net Paul F Ready on behalf of Creditor Lorraine Cagliero tamara@farmerandready.com Henry G Rendler on behalf of Creditor Conselho Supremo Da Sociedade Do Espirito Santo henry@rendlerlaw.com Martha E Romero on behalf of Creditor San Bernardino County Tax Collector Romero@mromerolawfirm.com Robyn B Sokol on behalf of Creditor Committee Committee Of Unsecured Creditors ecf@ebg-law.com, rsokol@ebg-law.com Peter Susi on behalf of Creditor Centennial Livestock cheryl@msmlaw.com, peter@msmlaw.com Peter Susi on behalf of Creditor Committee Official Equity Committee cheryl@msmlaw.com, peter@msmlaw.com
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
United States Trustee (ND) ustpregion16.nd.ecf@usdoj.gov Katherine M Windler on behalf of Creditor Bryan Cave LLP katherine.windler@bryancave.com Jennifer C Wong on behalf of Creditor Spondulix Company, Inc. and The Doctors Company bknotice@mccarthyholthus.com Jonathan R Zeko on behalf of Plaintiff Shelton Construction Company Inc jzeko@grantandzeko.com
UNITED STATES TRUSTEE (ND) Office of the U.S. Trustee Attn: Brian Fittipaldi 21051 Warner Center Lane, Suite 115 Woodland Hills, CA 91367 U.S. TRUSTEES COUNSEL Office of the U.S. Trustee Marjorie L. Erickson 128 E. Carrillo St. Santa Barbara, CA 93101 COUNSEL TO OFFICIAL COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS Steven T. Gubner, Esq. Larry Gabriel, Esq. Ezra Brutzkus Gubner LLP 21650 Oxnard Street, Suite 500 Woodland Hills, California 91367 Barry Glaser Robyn B. Sokol Ezra Brutzkus Gubner LLP 21650 Oxnard Street, Suite 500 Woodland Hills, California 91367 OFFICIAL COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS Jim W. Davis 4 P.O. Box 15 Lemoore, CA 93245 Phone: 559-707-0084
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
Thomas Schultheis Investment Trends, LLC 4455 Via Bendita Santa Barbara, CA 93110 Phone: 805-964-1224 Clifford Andreas Munk Trustee of the Clifford Andreas Munk and Lois Munk Revocable Trust c/o Clifford Munk P.O. Box 433 Paso Robles, CA 93447 Phone: 805-238-1544 Donna and Robert Berg Foundation c/o Robert Berg 5161 Vineyard Drive Paso Robles, CA 93446 Phone: 805-238-5825 and 805-238-2401 Nancy Trotter, Trustee of the Nancy Lee Missakian Trotter Trust c/o Nancy Lee Missakian Trotter 3901 Laguna Blanca Drive Santa Barbara, CA 93110 Phone: 805-687-0130 John G. Henry, M.D.-Pension Fund c/o John G. Henry, M.D. 1905 Hidden Valley Road Templeton, CA 93465 Phone: 805-434-1873 and 805-434-1720 Fax: 805-434-2068 Marjorie Jacobsen, Trustee of the Marjorie LaVerne Jacobsen 2002 Revocable Trust c/o Marjorie L. Jacobsen 261 Leighton Avenue Cambria, Ca 93428 Phone: 805-927-0665 PETITIONING CREDITORS Steve Gardality P.O. Box 230016 Encinitas, CA 92024-0016
1994 Scott Revocable Trust, The 1994 James E Scott & Kathleen A Scott Revocable Trust 6528 Nancy Rd Rancho Palos Verdes, CA 90275 Kathleen Scott IRA 6528 Nancy Rd Rancho Palos Verdes, CA 90275 Pippin LLC San Dimas 18 LLC Attn: Jordana Cooper P.O. Box 702 Beverly Hills, CA 90213 PETITIONING CREDITORS COUNSEL Martin J. Brill, Esq. Levene, Neale, Bender, Rankin & Brill L.L.P. 10250 Constellation Blvd., Ste. 1700 Los Angeles, CA 90067 REGULATORS Mary Ann Smith, Esq. Senior Corporations Counsel Department of Corporations 1515 K Street, Suite 200 Sacramento, CA 95814 Mary Clarke, Esq. Legal Counsel Department of Real Estate 2201 Broadway Sacramento, CA 95818-2500 COUNSEL FOR TM COBB George Sykulski 16027 Ventura Boulevard, Suite 503 Encino, CA 91367 COUNSEL FOR SIMON CONCRETE & AGGREGATE Toni Eggebraaten Attorney at Law Country Club Business Park 77-564A Country Club Drive, Suite 191 Palm Desert, CA 92211
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
Linda A. Barlow 2700 N. Main Street, Suite 850 Santa Ana, CA 92705-6638 20 LARGEST CREDITORS OF ESTATE FINANCIAL MORTGAGE FUND Seid & Zucker. CPAS 935 Riverside Avenue, Suite 1 Paso Robles, CA 93446 COMMITTEE OF EQUITY INVESTORS OF EFMF Attnys for Equity Committee Peter Susi Counsel for Centennial Livestock Michaelson Susi & Michaelson 7 W Figueroa St Santa Barbara, CA 93101 Centennial Livestock PO Box 9 Paso Robles, CA 93447 Attn: John W. Lacey Robert L. Meyer 45330 Vista Place King City, CA 93930 Attn: Butch LaVelle O'Neal Family Trust 2870 Doty Drive Arroyo Grande, CA 93420 Attn: Sean O'Neal Mary A. Wheller 597 Avocet Way Arroyo Grande, CA 93420 Attn: Patrick W. Wheeler William Adams 4859 Oliva Avenue Lakewood, CA 90712 Harold E. Steinbeck 4995 Mill Road Paso Robles, CA 93446
James D. Buckley 901 Drake Street Cambria, CA 93428 Attn: James Lee Buckley REQUESTS FOR SPECIAL NOTICE IN EFMF CASE Estate Financial, Inc. 633 West 5th Street Suite 1600 Los Angeles, CA 90071 William H. Bartosh 62893 Indian Valley Road San Miguel, CA 93451 Attnys for Sidney H. Zusman Sidney H. Zusman c/o Edward S. Zusman 456 California Street, Suite 500 San Francisco, CA 94104 Attnys for Scott Drimmel and Bonnie Drimmel Ren Lastreto, II, Esq. Lee Ann Eager, Esq. Lang, Richert & Patch 5200 North Palm, Suite 401 Fresno, CA 93704 Attnys for Richard & Margaret Ripley John E. Kesecker Law Office of John E. Kesecker P.O. Box 650 King City, CA 93930 Attys for Erna Morris James M. Lauderdale, Esq. Lauderdale Law Offices 150 Carmelito Ave. Monterey, CA 93940 REQUESTS FOR SPECIAL NOTICE (EFI) Louise Kalshan 440 Kerwin Cambria, CA 93428
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
David Gould Former Dissolution Mgr. Estate Financial Mortgage Fund LLC 23801 Calabasas Road, Suite 2032 Calabasas, CA 91302 COUNSEL FOR FOLEY-GANNON, INC. Robert E. Hurlbett 3324 State Street, Suite O Santa Barbara, CA 93105 FORMER DISSOLUTION MANAGER Mr. Freddie Reiss FTI Consulting 633 West Fifth Street Los Angeles, CA 90071-2027 Lewis Landau, Esq. Law Offices of Lewis Landau 23564 Calabasas Road Suite 104 Calabasas, CA 91302 Bryan Cave LLP c/o Katherine M. Windler 120 Broadway, Suite 330 Santa Monica, CA 90401 COUNSEL FOR BOND SAFEGUARD INSURANCE CO. Mark E. Aronson Anderson, McPharlin & Conners LLP 444 S. Flower Street, 31st Floor Los Angeles, CA 90071-2901 COUNSEL FOR SHELTON CONSTRUCTION CO. Jonathan R. Zeko,, Esq. Grant & Zeko, APC 1331 India Street San Diego, CA 92101 The Investment Company 139 Via Fuchsia Paso Robles, CA 93446 ATTY FOR ALVAND CONSTRUCTION Brian M. Kandel, Esq. Book & Book, LLP 1414 Soquel Avenue #203 Santa Cruz, CA 95062
ATTY FOR KAREN GUTH Steven C. Smith, Esq. Smith, Chapman & Campbell 1800 North Broadway, Ste. 200 Santa Ana, CA 92706 ATTY FOR MATTOS UNDERGROUND CONSTRUCTION Michael A. Dias, Esq. Jonette M. Montgomery, Esq. Dias Law Firm 502 West Grangeville Boulevard Hanford, CA 93230 Patricia Cullinan 13505 Old Morro Road Atascadero, CA 93422 Sherri G. Bell 245 Kendal Lane Cambria, CA 93428 ATTY FOR CALIFORNIA PLASTERING, INC. Todd M. Wolfe, Esq. Green & Campbell, LLP 1777 E. Los Angeles Avenue Suite 201 Simi Valley, CA 93065 Vladimir V. Volkow 300F Danville Blvd., Suite 547 Alamo, CA 94507 COUNSEL FOR CREDITOR VLADIMIR V. WOLKOV Michael B. Peterson, Esq. Archer Norris 2033 North Main Street, Suite 800 Walnut Creek, CA 94596-3759 COUNSEL FOR STAN AND JUDY YOUNG James L. Brunello, Esq. P.O. Box 4155 El Dorado Hills, CA 95762 Frank F. McGinn, Esq. Bartlett Hackett Feinberg PC 155 Federal Street, Ninth Floor Boston, MA 02110
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
Leib M. Lerner, Esq. Alston & Bird, LLP 333 S. Hope Street, 16th Floor Los Angeles, CA 90071 Dean G. Rallis Jr., Esq. Alston & Bird, LLP 333 S. Hope Street, 16th Floor Los Angeles, CA 90071 COUNSEL FOR YVONNE M. ZAMORA Daniel J. Mash, Esq. Mash & Bahrick 152 N. 3rd St. Suite 530 San Jose, CA 95112 SPECIAL COUNSEL TO THE TRUSTEES Counsel for Centennial Livestock David A. Juhnke, Esq. Roger B. Frederickson, Esq. Sinsheimer Juhnke Lebens & McIvor, LLP 1010 Peach Street P.O. Box 31 San Luis Obispo, CA 93406 Subject Investors: Property Description Loan Number(s) Lender Name Estate Financial Mortgage Fund c/o EFMF Trustee, Bradley D. Sharp Development Specialists, Inc., Drew Squyres Annamarie Squyres Frank Zalusky Judith Robbins Marilynn R. Perry, Trustee Ronald Ricioli, Trustee Ronald W. Jackson Emily J. Jackson Thomas M. Young Dawn R. Young Virgil Dawson, IRA Annabelle Brookins Ashley E. Abraham, Trustee
January 2009
Robert Flores PO Box 365 Mountain Ranch, CA 95246 COUNSEL FOR JACK D. MONTAGUE, TRUSTEE Ralph P. Guenther, Esq. Duffy & Guenther, LLP 149 Bonifacio Place Monterey, CA 93940 COUNSEL FOR TWF CONSTRUCTION, INC. Attn: Jon F. Gauthier Marks, Golia & Finch, LLP 8620 Spectrum Center Blvd., Suite 900 San Diego, CA 92123
Lot 7/Lot 1033, Tract 1000, Woodland Hills, CA, B190-05 and B645-05 Address 333 S. Grand Ave. Los Angeles, CA 90071 Suite 4070 P.O. Box 2379 3429 Rio Hato Ct. 630 Huntington Rd. 11412 Jenlee Avenue P.O. Box 1814 117 Baker Ave. 2819 Loyola Street 48-202 Chesapeake Place 3900 E. Main Street, #54 P.O. Box 3027 Avila Beach, CA 93424 Camarillo, CA 93010 Cambria, CA 93428Bakersfield, CA 93312 San Luis Obispo, CA 93406 Pismo Beach, CA 93449 Bakersfield, CA 93306 Indio, CA 92201 Ventura, CA 93003 Atascadero, CA 93423
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California.
F 9013-3.1
In re: Estate Financial, Inc. Debtor(s). In re: Estate Financial Mortgage Fund, LLC Debtor(s).
Beverly Heschke. Trustee Donna & Robert Berg Foundation Gordon Wallace Helen D. Thompson John W. Drake, Trustee Reynold Costa, Trustee Richard N. Carlson, Trustee Rick Matson, Trustee Lauritta Sowa, Trustee Robert Robinson, Trustee Patricia L. Robinson, Trustee The Jacobs Family Trust Dee V. Jacobs & Kay P. Jacobs, Trustees
360 Whitewater 5161 Vineyard Drive 45330 Vista Place c/o Karen J. Kokolski 1879 River Oaks Road 795 Elizabeth Barcus Way 606 Ricardo Avenue P.o. Box 295 4306 Bryce Drive 5908 Pebble Beach Way 739 Cascade Court
Templeton, CA 93465 Paso Robles, CA 93446 King City, CA 93930 Williamsburg, VA 23185 Fortuna, CA 95540 Santa Barbara, CA 93109 Los Alamos, CA 93440Anacortes, WA 98221 San Luis Obispo, CA 93401 Walnut Creek, CA 94598
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009
F 9013-3.1