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United States v. Blanford

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA


August 25, 2009

UNITED STATES OF AMERICA, PLAINTIFF,
v.
JOEL BLANFORD, DEFENDANT.

The opinion of the court was delivered by: Court: Hon. William B. Shubb

[PROPOSED] ORDER TO RELEASE PROPERTY FOR SALE

DATE: August 24, 2009 TIME: 9:00 a.m.

Defendant, by and through undersigned counsel, hereby moves the court for an order authorizing the sale of defendant's property located at 728 & 728 1/2 Jamaica Ct, San Diego, CA. 92109.

The aforementioned rental property was purchased in 2004 for $985,000. The value of this residence has decreased significantly in the last two years. An appraisal of the property reflected a current value of $960,000. Mr. Blanford currently owes about $1,035,000 based on current loan plus arrearages.

The amount generated by rent has been consumed by the costs of repair and property maintenance. Previously, Mr. Blanford had invested $150,000 in the property for improvements and down payments. Mr. Blanford has not been able to make a mortgage payment since June 30th, 2009. Mr. Blanford has repeatedly tried to negotiate with the lender to work out a lower payment plan but nothing has come of it. In his current situation, the financial obligations due to this property have become too large a financial strain that Mr. Blanford is unable to meet.

The Government has been advised of the situation. In addition, Mr. Blanford's pre- trial officer, Mr. Paul Mamaril has also been advised of this situation and has no objection.

Mr. Blanford would like to contact a real estate agent and try to sell the property through a short sale.

Respectfully submitted,

Dated: August 24, 2009

MICHAEL E. CARDOZA Attorney for Defendant JOEL BLANFORD

IT IS SO ORDERED.

20090825

© 1992-2009 VersusLaw Inc.



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