The opinion of the court was delivered by: George H. WU United States District Judge
Pursuant to the Stipulation to Resolve the First Claim for Relief to Reduce Federal Income Tax Assessments to Judgment as Against Keith Markley, and for good cause showing:
1. On September 25, 2009, the United States filed its First Amended Complaint to (1) Reduce Federal Tax Assessments to Judgment Against Keith M. Markley, (2) Reduce Federal Tax Assessments to Judgment Against Robert Valdez, and (3) Foreclose Federal Tax Liens on Real Property (Amended Complaint).
2. On February 24, 2010, the United States filed a Stipulation to Resolve the First Claim for Relief to Reduce Federal Income Tax Assessments to Judgment as Against Keith Markley. Docket number 44. This resolved the First Claim for Relief in favor of the United States.
3. As for the Second Claim for Relief, as of the date of this stipulation Robert Valdez has no balance due to the United States for tax years 2005 and 2006. This resolves the Second Claim for Relief.
4. As for the Third Claim for Relief, Keith Markley has unpaid income tax liabilities for tax years 1998 through 2004.
5. The property located at 2753 Glendower Avenue, Los Angeles, California (the property) and co-owned by Keith Markley and Robert Valdez as tenants in common.
6. The legal description of the property is as follows:
Lot 155 of Tract No. 3733, in the City of Los Angeles, County of Los Angeles, State of California, as per map recorded in book 52, pages 41 and 42 of maps, in the Office of the County Recorder of said County.
7. A lien for Keith Markley's unpaid tax liabilities attaches to Keith Markley's interest in the property.
8. The United States is entitled to foreclose on the property.
9. The United States will not exercise its right to sell the property until 180 days after this Order is entered by the court.
10. Pursuant to the Disclaimer filed by the State of California Franchise Tax Board (FTB) on November 19, 2009, the FTB does not ...