Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_10-cv-01055/USCOURTS-caed-1_10-cv-01055-11/pdf.json

Nature of Suit Code: 870
Nature of Suit: Tax Suits
Cause of Action: 28:2410 Quiet Title

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Michael J. Lampe #82199

Michael P. Smith #206927

Matthew D. Owdom #258779

Law Offices of Michael J. Lampe

108 West Center Avenue

Visalia, California 93291

Telephone (559) 738-5975

Facsimile (559) 738-5644

Attorney for Plaintiff and Counterclaim Defendant Bedrock Financial, Inc.

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF CALIFORNIA – FRESNO DIVISION

BEDROCK FINANCIAL, INC., a California

Corporation, 

 Plaintiff,

vs.

THE UNITED STATES OF AMERICA; and

Does 1 through 50, inclusive,

 Defendants.

Case No. 1:10-cv-1055-MJS

JUDGMENT

THE UNITED STATES OF AMERICA,

Counterclaimant,

vs.

BEDROCK FINANCIAL, INC., a California

Corporation,

Counterclaim Defendant.

On November 11, 2012, the Court granted the motion of Plaintiff Bedrock Financial, Inc.

(Bedrock) for summary judgment pursuant to F.R.C.P. 56, and ordered that judgment be entered

in favor of Bedrock and against Defendant United States of America (IRS).

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JUDGMENT 

Case 1:10-cv-01055-MJS Document 104 Filed 12/03/12 Page 1 of 4
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IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Bedrock shall have, hold,

and possess an equitable lien in the sum of $171,106.85, from and after February 5, 2008 upon

certain real property commonly described as APN 004-110-005 Atwater, Merced County,

California (the property), and more particularly described as follows:

PARCEL 3 AS SHOWN ON THAT CERTAIN PARCEL MAP FOR MANUEL L.

SILVA FILED FOR RECORD JUNE 18, 1971 IN VOL. 14 OF PARCEL MAPS,

PAGE 47, AND BEING A PORTION OF THE NORTHWEST QUARTER OF

SECTION 7, TOWNSHIP 7 SOUTH, RANGE 13 EAST, M.D.B. & M. 

APN 004-110-005

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that as of February 5, 2008,

Bedrock’s equitable lien in the sum of $171,106.85 has priority over the IRS’ interest in the

property, and is senior and superior thereto.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Bedrock’s equitable lien

may be enforced, at Bedrock’s election, via the following:

(1) JUDICIAL FORECLOSURE: IT IS FURTHER ORDERED, ADJUDGED, AND

DECREED that Bedrock’s equitable lien is subject to judicial foreclosure. 

The real property as described shall be sold in the manner prescribed by law by the levying

officer of Merced County, California, on proper application for issuance of a writ of sale to the

levying officer. Any party to this action may be a purchaser at the sale. Bedrock shall be

permitted to credit bid the amount of its equitable lien, to wit, the sum of $171,106.85, at said sale. 

The IRS, as junior lienholder, has the right to pay off Bedrock’s equitable lien at any time prior to

sale hereunder.

If any third party bids at the sale in an amount above the sum of the sum of Bedrock’s

equitable lien, $171,106.85, the levying officer shall deduct the expenses for the levy and sale and

shall then pay to Bedrock the sum of $171,106.85. If any surplus remains after making those

payments, it shall be paid by the levying officer to the IRS, in the amount then owing under the

IRS’ junior tax lien, with any further surplus paid by the levying officer to Bedrock.

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JUDGMENT 

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Bedrock having waived a deficiency judgment, the property shall not be sold subject to the

right of redemption as provided in Code of Civil Procedure Section 729.010 et seq.

From and after delivery of a Deed by the levying officer to the purchaser at the sale, all

defendants, and persons claiming under them or having liens junior to the Trust Deed on the

property, and their personal representatives, and all persons claiming to have acquired any estate

or interest in the property subsequent to the filing of notice of the pendency of this action with

county recorder, are forever barred and foreclosed from all equity of redemption in, and claim to,

the property and every part of it.

(2) NON-JUDICIAL FORECLOSURE: IT IS FURTHER ORDERED, ADJUDGED, AND

DECREED that the property is subject to Bedrock’s equitable lien in the sum of $171,106.85, and

Bedrock may foreclose, with a credit bid up to $171,106.85, utilizing the power of sale provisions

in that certain Deed of Trust recorded as Document No. 2008-005713 of the Official Records of

Merced County. The IRS, as junior lienholder, has the right to pay off Bedrock’s equitable lien at

any time prior to sale hereunder. If any third party bids at the sale in an amount above the sum

of the sum of Bedrock’s equitable lien, $171,106.85, the trustee shall deduct the expenses for the

levy and sale and shall then pay to Bedrock the sum of $171,106.85. If any surplus remains after

making those payments, it shall be paid by the trustee to the IRS, in the amount then owing under

the IRS’ junior tax lien, with any further surplus paid by the trustee to Bedrock.

(3) CREDIT BID AT TAX SALE: IT IS FURTHER ORDERED, ADJUDGED, AND

DECREED that, in the event the IRS proceeds to tax sale prior to enforcement under option (1)

or (2), above, that Bedrock shall be permitted to credit bid the amount of its equitable lien, to wit,

the sum of $171,106.85, at said sale. If any third party bids at the sale in an amount above the

sum of the sum of Bedrock’s equitable lien, $171,106.85, the levying officer shall deduct the

expenses for the levy and sale and shall then pay to Bedrock the sum of $171,106.85. If any

surplus remains after making those payments, it shall be paid by the levying officer to the IRS, in 

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JUDGMENT 

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the amount then owing under the IRS’ junior tax lien, with any further surplus paid by the levying

officer to Bedrock.

IT IS SO ORDERED.

Dated: November 30, 2012 /s/Michael J. Seng 

ci4d6 UNITED STATES MAGISTRATE JUDGE

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JUDGMENT 

Case 1:10-cv-01055-MJS Document 104 Filed 12/03/12 Page 4 of 4