Opinion
CARL M. FALLER Attorney for Defendant, BENJAMIN B. WAGNER United States Attorney
KJRK SHERRIFF Assistant U.S. Attorney Attorney for United States of America
STIPULATION AND ORDER TO ALLOW SALE OF REAL PROPERTY
Defendant Sergio Jara is currently on pretrial release in this matter. One of the conditions of that release is that he not engage in any real estate transactions without the consent of Pretrial Services. There is a pending property transaction that is set forth in more detail below and Pretrial Services has indicated that it will have no objection to the transaction if it is approved by the government. Counsel for the government and counsel for the defendants have reached an agreement concerning how the sale can be consummated and that agreement is set forth below.
It is hereby stipulated and agreed upon as follows:
There is currently pending at Chicago Title Company the following escrow:
Escrow No. FWKN-5501401595 AB, for the sale of property located at 3927 Mitchell Street, Bakersfield California.
This escrow transaction may close, and title to the property transferred upon the following condition: After payment of all expenses of sale and satisfaction of encumbrances, Fifty Percent (50%) of the net proceeds are to be distributed to the Seller. The remaining Fifty Percent (50%) of the net proceeds shall be deposited with the Clerk of the Court of the United States District Court for the Eastern District of California, 2500 Tulare Street, Fresno, California 93721, in a commercial registry account and no amount shall be disbursed therefrom until further order of the court.
ORDER:
It is hereby ordered that the escrow transaction described in the above stipulation may close and title transferred, upon the following condition: After payment of all expenses of sale and satisfaction of encumbrances, Fifty Percent (50%) of the net proceeds are to be distributed to the Seller, and the remaining Fifty Percent (50%) of the net proceeds shall be deposited with the Clerk of the Court of the United States District Court for the Eastern District of California, 2500 Tulare Street, Fresno, California 93721, in a commercial registry account and no amount shall be disbursed therefrom until further order of the court.
IT IS SO ORDERED.