Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_08-cv-00989/USCOURTS-caed-2_08-cv-00989-2/pdf.json

Nature of Suit Code: 690
Nature of Suit: Other Forfeiture and Penalty Suits
Cause of Action: 28:1345 Complaint for Forfeiture

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McGREGOR W. SCOTT

United States Attorney

KRISTIN S. DOOR, SBN 84307

Assistant United States Attorney

501 I Street, Suite 10-100

Sacramento, CA 95814

Telephone: (916)554-2723

Attorneys for Plaintiff

United States of America

IN THE UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

UNITED STATES OF AMERICA, ) 2:08-CV-00989-LKK-DAD

 )

Plaintiff, ) STIPULATION FOR EXPEDITED

 ) SETTLEMENT BETWEEN PLAINTIFF

v. ) UNITED STATES OF AMERICA AND

 ) LIEN HOLDERS INDYMAC BANK, 

REAL PROPERTY LOCATED AT ) F.S.B.

2275 ATRISCO CIRCLE, SACRAMENTO,)

CALIFORNIA, SACRAMENTO COUNTY, )

APN: 225-0883-026-0000, )

INCLUDING ALL APPURTENANCES )

AND IMPROVEMENTS THERETO, )

 )

 Defendant. )

 )

IT IS HEREBY STIPULATED by and between plaintiff United

States of America and claimant IndyMac Bank, F.S.B., the

authorized representative of Deutche Bank and MERS, the secured

interest holders in the Property (hereafter “Claimant”) through

their respective counsel of record, that Claimant has a valid

pre-existing mortgage lien on the defendant real property

described in this Stipulation, which is not contested by

plaintiff. 

Plaintiff United States of America and Claimant further

stipulate that:

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1. Any violation of 18 U.S.C. §§ 981(a)(1)(A) and/or

981(a)(1)(C) involving the defendant real property located at

2275 Atrisco Circle, Sacramento, California, Sacramento County,

Assessor’s Parcel Number: 225-0883-026-0000, and more fully

described as:

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE

CITY OF SACRAMENTO, COUNTY OF SACRAMENTO, STATE OF

CALIFORNIA AND IS DESCRIBED AS FOLLOWS:

Lot 647, as shown on the “Plat of Frates Ranch Unit No.

5", recorded in Book 146 of Maps, Map No. 1, records of

said County.

occurred without Claimant’s knowledge and consent.

2. Plaintiff United States agrees that upon entry of a

Final Judgment of Forfeiture in favor of the United States,

plaintiff, through the Department of the Treasury, Internal

Revenue Service or its agent(s), shall undertake to sell the

defendant real property in a commercially reasonable manner and

to sell said property for fair market value (the "Purchase

Price"). The following costs and expenses of sale shall be

deducted from the Purchase Price and paid directly out of escrow

in the following order:

(a) First, the costs incurred by the Department of the

Treasury, Internal Revenue Service to the date of close of

escrow, including the cost of posting, service, advertising, and

maintenance;

(b) Second, to the Sacramento County Tax Collector for

all real property taxes assessed and unpaid against the defendant

real property prorated to the date of entry of the Final Judgment

of Forfeiture;

(c) Third, the costs and expenses associated with the

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sale of the defendant real property.

(d) Fourth, any county transfer taxes.

(e) Fifth, to Claimant as the lender on the deed of

trust encumbering the defendant real property, as follows:

(i) all unpaid principal due to Claimant under

the Promissory Note dated August 8, 2006, in the original

principal amount of $200,500.00 ("Note"), and which is secured by

a Deed of Trust dated August 8, 2006, recorded August 14, 2006,

as instrument number Book 20060814 Page 1751 of the Official

Records of Sacramento County, California ("Deed of Trust"). As

of July 3, 2008, the principal amount owed to Claimant pursuant

to the Note was $200,498.00. 

(ii) all unpaid interest due as of the date of

the closing of the sale of the defendant real property at the

contractual (not default) rate under the above-referenced Note

and Deed of Trust until the date of payment;

(iii) all fees, costs, and advances, including but

not limited to reasonable attorney fees, prepayment fees, taxes

and hazard insurance as provided under the terms of the Note and

Deed of Trust.

3. The payment to Claimant shall be in full settlement and

satisfaction of any and all claims by Claimant to the defendant

real property and all claims resulting from the incidents or

circumstances giving rise to this lawsuit.

4. Upon payment in full as set forth in ¶ 2(e)(i)-(iii),

above, Claimant agrees to reconvey its interest in the defendant

real property via recordable documents and cause those to be

recorded, and to release and hold harmless the United States, and

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any agents, servants, and employees of the United States, (or any

state or local law enforcement agency) acting in their individual

or official capacities, from any and all claims by Claimant and

their agents which currently exist or which may arise as a result

of the government’s action against the real property.

5. In the event it is determined that the proceeds from

the sale of the defendant real property would be insufficient to

pay Claimant in full as set forth in ¶ 2(e)(i)-(iii), above,

after the disbursements described in ¶ 2 (a)-(d) here in above

are made, the plaintiff United States agrees to release its

interest in the defendant real property and consent to the

exercise of Claimant’s state law rights to foreclose upon its

deed of trust which secures the obligation to Claimant. 

Plaintiff shall not enter into a binding agreement to sell the

defendant real property unless the proceeds of such sale are

sufficient to pay Claimant in full as set forth in ¶ 2(e)(i)-

(iii), unless Claimant otherwise consents in writing.

6. Claimant agrees not to pursue against the United States

any other rights that it may have under the mortgage instrument,

including, but not limited to, the right to initiate a

foreclosure action without the consent of the United States

Attorney’s Office or this Court.

7. Claimant agrees to notify the United States Attorney at

the end of the first payment cycle in which a payment is not made

under the terms specified in the security instrument and

promissory note. Claimant further agrees to join any government

motions for interlocutory or stipulated sale of the defendant

real property if the proceeds of such sale will be sufficient to

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pay Claimant in full as set forth in ¶ 2(e)(i)-(iii), and any

motions to remove occupants from the property for nonpayment of

mortgage or rent, destruction of property, or other just cause.

8. Claimant understands and agrees that by entering into

this Stipulation regarding its interest in the defendant real

property, it waives any rights to further litigate against the

United States concerning its interest in the defendant real

property and to petition for remission or mitigation of the

forfeiture. Unless otherwise provided by this Stipulation or

specifically directed by order of this Court, Claimant is hereby

excused and relieved from further participation in this action.

9. Claimant understands and agrees that the United States

reserves the right to void the expedited settlement agreement if,

before payment of the mortgage or lien, the U.S. Attorney obtains

new information indicating that the mortgagee or lien holder is

not an "innocent owner" or "bona fide purchaser" pursuant to

applicable forfeiture statutes. The U.S. Attorney also reserves

the right, in its discretion, to terminate the forfeiture at any

time and release the subject property. In either event, the

United States shall promptly notify the mortgagee or lien holder

of such action. A discretionary termination of forfeiture shall

not be a basis for any award of fees under 28 U.S.C. § 2465. 

10. The parties agree to execute further documents, to the

extent necessary, to convey clear title to the defendant real

property to the United States and to further implement the terms

of this Stipulation.

11. The terms of this Stipulation are contingent upon

///

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forfeiture of the defendant real property to the United States

and the Court’s entry of a Final Judgment of Forfeiture.

Dated: August 14, 2008 McGREGOR W. SCOTT

United States Attorney

/s/ Kristin S. Door 

KRISTIN S. DOOR

Assistant Unites States Attorney

Attorney for Plaintiff

Dated: September 2, 2008 

 

/s/ Timothy B. McGinity

TIMOTHY B. MCGINITY

Attorney for Lienholder 

IndyMac Bank, F.S.B.

(Original signature retained by

attorney)

ORDER

This Stipulation for Expedited Settlement is hereby APPROVED.

Dated: September 9, 2008.

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