HomeMy WebLinkAbout11-10-14 1 INHERITANCE LOAN COMPANY,LLC
1231 PINE STREET r-j
2 OAKLAN�,CA 94607-1460 � � � m
TELEPxoNE: (510)735-9846 � � '�' r:> �
3 FAcsiNiit,E: (510)922-8835 ��i � c, �=-� � =-•j
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6 COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVA�NI�4- �r�
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In the Matter of the Estate o£ CASE NUMBER: 21-14-0813
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�o LISA BUTCHER'S ASSIGNMENT#1, SALE
NAIv1vETTE BuTCHER, & TRANSFER OF BENEFICIAL INTEREST
t t IN DECEDENT'S ESTATE TO
Deceased. INHERITANCE LOAN COMPANY, LLC
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t4 THIS FIRST ASSIGNMENT AGREEMENT is made and entered into between LISA
ls BUTCHER(hereinafter"Seller"), and purchaser, INHERITANCE LOAN COMPANY, LLC,
16 (hereinafter"ILC") a California Company, located at 1231 Pine Street, Oakland CA 94607-1460.
17 1. Assignment. Seller hereby irrevocably assigns, sells and transfers $8,200.00 of Seller's
18 beneficial interest in the ESTATE OF NANNETTE BUTCHER, Decedent(hereinafter"Estate")to
19 ILC in exchange for an immediate cash payment of$5,000.00. The statement of the assigned
Zo amount, cash payment and total cost to Seller was provided to Seller prior to signing this agreement.
21 2. Pavment. Seller authorizes and instructs the personal representatives of the Estate and their
22 attorneys to pay and deliver$8,200.00 to ILC prior to making any distribution from this Estate to
23 Seller.
24 3. Earlv Pavoff Rebate Periods.
25 • If$8,200.00 is received by ILC on or before DECEMBER 26, 2014, ILC shall rebate to
26 seller the amount of$900.00, resulting in new net assigned amount of$7,300.00.
27 • If$8,200.00 is received by ILC on or before MARCH 26, 2015, ILC shall rebate to
28 seller the amount of$650.00, resulting in new net assigned amount of$2,550.00.
Page 1 of 3
LISA BUTCHER'S ASSIGNMENT#l, SALE AND TRANSFER OF BENEFICIAL INTEREST
IN DECEDENT'S ESTATE TO INHERITANCE LOAN COMPANY, LLC '
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• If$8,200.00 is received by ILC on or before JIJNE 26, 2015, ILC shall rebate to seller
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the amount of$250.00, resulting in new net assigned amount of$2,950.00.
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All outstanding assignments between Seller and ILC must be paid in full before any rebate
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shall be payable by ILC to Seller.
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4. Beneficial Interest Assigned. Seller's beneficial interest in the Estate shall include any and
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all rights: a) as a beneficiary, devisee, heir, legatee or otherwise of the Estate; b)to commissions and
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fees as personal representative of the Estate; c) to distributions from ancillary proceeding(s); d)to
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distributions from any IRA, retirement plan, employee benefit plan or other non-probate asset of the
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decedent; and e)to Seller's individual interest in the decedent's homestead property, if applicable.
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5. Waiver of Right to Disclaim. In consideration of ILC's agreement to purchase a portion of
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Seller's beneficial interest in the Estate, Seller hereby agrees not to disclaim any portion of his/her
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inheritance.
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6. Sale of Real Propertv. Seller authorizes ILC to direct the personal representative of the
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Estate to sell the Estate's property to avoid the distribution in-kind of undivided interests.
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7. Prohibited Conduct. Seller agrees not to take any action that may in any manner defeat,
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eliminate, reduce, delay or prevent ILC's receipt of the assigned amount of$8,200.00.
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8. Bankruptcv. Seller does not now or in the immediate future contemplate filing for
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bankruptcy. Seller has not consulted any lawyer or other professional within the last ninety(90)
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days regarding the possibility of filing for bankruptcy. If Seller files for bankruptcy after entering
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into this agreement, Seller acknowledges that ILC shall be entitled to enforce all its rights as a
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creditor secured by a lien on all of Seller distributions from the Estate.
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9. Recourse. Other than recourse for any expense or damage arising out of the material breach
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of this agreement or fraud by Seller, ILC shall have no recourse against Seller if the distribution
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from the Estate is less than$8,200.00.
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10. Successor Rights. This instrument binds Seller and his/her heirs, executors,
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administrators, successors and other assignees of Seller.
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Page 2 of 3
LISA BUTCHER'S ASSIGNMENT#1, SALE AND TRANSFER OF BENEFICIAL INTEREST
IN DECEDENT'S ESTATE TO INHERITANCE LOAN COMPANY, LLC
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1.1. California lJaw. 3'his agreement is made and shatl be interpreted under the iaws of the
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4 State of California. It may be amended only by an agreement in writing that is dated and signed by
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Seller and ILC.
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12. Caflsult Le�al Counsel. Seller acknowledges that ILC advised him/her to consuit with
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legal couusel concerning this transaction pnor to signing tilis agreement.
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' Datea: �� - �`� "c��� ; n.
8 � 1^- �� ry �
9 S.L A BUTCE�R,Seller/ASsignOr
�� Dated: � } �
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ItiHE .a, oA o: 1�' urchaser/Assignee
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By: �`"_
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�5 A owl�,d ment
26 STATE _} �b't�� T�/ � �,.
�ss �f/ /
17 C TY Ot -�-
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18 n September ,2�15,be e e,
()nsen � crl rrurar a !ttlr of.V 'ARY� '
per nally peared L ' CFTER prov to rn n the ha ' satisfactory � nce to be t pers whose
a 9 name ' ubscribed to ithin instrumen acknowi ed t tnat she exee the same in authorized
capac� and that by he ' ature on the i ent the pe or the tity upo ehal which th on acted,
2o ex ted insuume
21. certify unde P NAE,TY OF Y under th �vs of the State f th• the
going para h is t�ue an@ co ct. -
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WIT ' y hand o�c' seal.
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24 Si tur.e
25 (Notary SeAI)
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Page 3 of 3
LISA BUTCHER'S ASSiGNMENT�1,SALE ANB T12ANSFETt OF BE!VEFCC.IAL IiVTEItF..ST
IN DECEDEiVT'S ESTA�'E TU If�HERtTA?v`CE LOAlV COMPAN'Y,LLC
INHERITANCE LOAN COMPANY,LLC TEL.(510)735-9846 FO0.COURTUSEONLV
1231 PiNE STREET FAX.(510)922-8835
OAKLAND,CA 94607
Pro Se
IN THE COURT OF COMMON PLEAS FOR CUMBERLAND COUNTY,PENNSYLVANIA
STREET ADDRESS: 1 Courthouse Square,1st Floor
MAILING ADDRESS: SAME
CITY&ZIP CODE Carlisle,PA 17013
BRANCH NAME: ORPHAN'S COURT
In the Matter of NANNETTE BUTCHER, Decedent
REQUEST FOR SPECIAL NOTICE 21-14-0813
1. a. C✓f I am a person interested in this proceeding.
b. ❑ I am the attorney for a person interested in this proceeding (specify name of interested party).
2. I REQUEST NOTICE of(complete only a orb)
a. 0 the following matters (check applicab/e boxes):
(1) Q all matters for which special notice can be requested (do not check boxes 2-8)
(2) ❑ inventories and appraisals of property, including supplements
(3) ❑ accountings
(4) ❑ reports on the status of administration
(5) ❑ objections to appraisal
(6) ❑ petitions for the sale of property
(7) ❑ Spousal Property Petition
(8) � other petitions: ❑ all petitions ❑ the following petitions (specify):
b. ❑ the following matters (specify):
3. SEND THE NOTICES to
a. L�f the interested person at the following address (specify):
Erik J. Rose
Inheritance Loan Company, LLC
1231 Pine Street
Oakland, CA 94607-1460
b. ❑ the attorney at the following address (specify):
Date: October 8, 2014
Erik J. Rose ► �e:'�
❑ Attorney for person requesting special notice(client's name):
REQUEST FOR SPECIAL NOTICE
(Probate)
In the Matter of NANNETTE BUTCHER, Deceased 21-14-0813
PROOF OF SERVICE BY MAIL
1. I am over the age of 18 and not a party to this cause. I am a resident of or employed in the county where the mailing occurred.
2. My residence or business address is:
1231 Pine Street
Oakland,CA 94607-1460
3. I served the foregoing Assignmeni Agreement&Request for Speciai Notice on each person named below by enclosing a copy in an
envelope addressed as shown below AND
a. Q depositing the sealed envelope with the United States Postal Service with the postage fully prepaid.
b. ❑ placing the envelope for collection and mailing on the date and at the place shown in item 4 following our ordinary business
practices. I am readily familiar with the business practice for collecting and processing correspondence for mailing. On the
same day that correspondence is placed for collection and mailing,it is deposited in the ordinary course of business with the
United States Postal Service in a sealed envelope with the postage fully prepaid.
4. a. Date of Deposit:OCTOBER 8,2014 b.Place of deposit: OAKLAND,CA
I declare under penalty of perjury under the laws of the State of California that the foregoing is true and correct.
Date: OCTOBER 8,2014
........ Erik Rose...... ............... ►
(fYPE OR PRINT NAME) (SIGNATURE DECLAR4Nn
NAME AND ADDRESS OF EACH P RSQN TO WHOM NOTIC WAS MAILED
Steve Nicholas, Esq.
Nicholas Law Offices, P.C.
2215 Forest Hills Drive,Suite 37
Harrisburg, PA 17112
❑ List of named and addresses continued in attachment.
ADMISSION OF SERVICE
1. I am the ❑ personal representative,conservator,guardian,or trustee ❑ the attorney.
2. I ACKNOWLEDGE that I was served a copy of the foregoing Assignment Agreement&Requesi for Special Notice.
Date:
..................................... ►
(TYPE OR PRINT NAME) (SIGNATURE OF DECLARAN�
ASSIGNMENT AGREEMENT&REQUEST FOR SPECIAL NOTICE
PROOF OF SERVICE BY MAIL