IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF NORTH CAROLINA CHARLOTTE DIVISION CASE NO. 3:16-CV-285 SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. RICHARD W. DAVIS, JR., Defendant, and DCG REAL ASSETS, LLC, et al., Relief Defendants. REPORT OF SALE Comes now A. Cotten Wright, the court-appointed receiver in the above-captioned case, through counsel, and files this Report of Sale relative to the sale of real property located at 9137 Mount Holly-Huntersville Road, Huntersville, North Carolina (the “Real Property”) for the sum of $140,000.00 pursuant to this Court’s Amended Order entered on November 17, 2017 (Doc. No. 158). As shown on the attached copy of the Settlement Statement, Exhibit A, the net sale proceeds were $126,380.20. The receivership estate holds a joint interest in the proceeds with M.B. and Bina Shah the extent of which is the subject of current negotiations. This is the 12th day of December, 2017. /s/ A. Cotten Wright A. Cotten Wright (State Bar No. 28162) Grier Furr & Crisp, PA 101 North Tryon Street, Suite 1240 Charlotte, North Carolina 28246 Telephone: 704.375-3720; Fax: 704.332.0215 Email: [email protected] Receiver and Attorney for the Receiver Case 3:16-cv-00285-GCM Document 161 Filed 12/13/17 Page 1 of 6
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IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISION CASE NO. 3:16-CV-285
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff, v. RICHARD W. DAVIS, JR.,
Defendant, and DCG REAL ASSETS, LLC, et al.,
Relief Defendants.
REPORT OF SALE
Comes now A. Cotten Wright, the court-appointed receiver in the above-captioned case,
through counsel, and files this Report of Sale relative to the sale of real property located at 9137
Mount Holly-Huntersville Road, Huntersville, North Carolina (the “Real Property”) for the sum
of $140,000.00 pursuant to this Court’s Amended Order entered on November 17, 2017 (Doc.
No. 158). As shown on the attached copy of the Settlement Statement, Exhibit A, the net sale
proceeds were $126,380.20. The receivership estate holds a joint interest in the proceeds with
M.B. and Bina Shah the extent of which is the subject of current negotiations.
This is the 12th day of December, 2017.
/s/ A. Cotten Wright A. Cotten Wright (State Bar No. 28162)
Grier Furr & Crisp, PA 101 North Tryon Street, Suite 1240 Charlotte, North Carolina 28246 Telephone: 704.375-3720; Fax: 704.332.0215 Email: [email protected]
Receiver and Attorney for the Receiver
Case 3:16-cv-00285-GCM Document 161 Filed 12/13/17 Page 1 of 6
OMB NO 2502-026s +U.S, DEPARTMENT OF HOUSING & URBAN DEVELOPMENT
SETTLEMENT STATEMENT
B TYPE OF LOAN
1. I tr 5 Conv lnsFHA 2. l l FmHA 3 Conv Unins. 4
6 FILE NUii|BER171 10115NC
7 LOAN NUMBER
C, NOTE This fom is IufiBhed Io oive vou a slalemenl of actual se lemenl cosls Anounts Dad to and bv the setllenenl aQenl are shown.Items marked TPOCI" wdre pbtd oulside lhe closng. lhey arc shown here lor inlotiafional putposes and arc not iiclrd"l,f hr9;lo,?1i..0_, r". , ,r,
D, NAME AND ADDRESS OF EUYER:Lorenzo Silva Rojas and Rosana Rojas deSilva7811 Wlltshire Ridge Ln
Charlotte. NC 28269M B Shah and wf€ B na M Shah200 Scoh€y Gren Ctrcle ArpMrelra. GA 30022
F NAI\,IE AND ADDRESS OF LENDER
H SETTLEMENT AGENT]Hunoval & Associates. PLLC
SETTLEMENT DATE:
November 28.2017
DISBURSEMENT DATE
November 28. 2017
PLACE OF SETTLEMENT501 Minuet LaneSude 1 04ACharlotte NC 28217
1OO. GROSS AMOUNT DUE FROM BUYER101 Contract sales orice 140 000 00j 02 Personal property
103 Settlement charges to buyer (line 1400) 3.096.27
104
105Adiustfients fot itefis paid by seller in advan@
T 06 City/Town taxes
107 County taxes
108 Assessments109110
111
112
120 GROSS AMOUNT DUE FROM BUYER 143 096 27
2OO. AMOUNTS PAID BY OR IN BEHALF OF BUYER
201 Deposit or earnest money 2.000 00
202 Principal amount of new loan(s)
203 Existing loan(s) taken subiect to
204205206207208209
Adiustments fot items unpaid by seller
210 CiW/Town taxes
211 County taxes 1112a117 to12131117 1 .878 37
212 Assessments
213214215216217218.219
220 TOTAL PAID BY/FOR BUYER 3.878 37
3Oi Gross amount due from Buyer (Line 120) 143,096.27
302 Less amount paid by/for Buyer (Line 220) ( 3,878 37)
3$ CASH FROM BUYER 139,217.90
K, SUMMARY OF SELLER'S TRANSACTION
4OO. GROSS AMOUNT DUE TO SELLER
401 Contracl sales price 140 000 00
402 Personal property
403404405
Adjuslments for items paid by sellet in advance
406 City/Town taxes
407 County laxes408 Assessments409410411
412
420 GROSS AMOUNT DUE TO SELLER 140.000 00
501 Excess deposit (see instruclions)
502. Settlement charges to seller (line 1400) 9.741 43
SO3 Eristinq loan(s)taken subiect to
504 Payoff of first mortgage loan
505 Payoff of second mortgage loan
506 Dep retained by Keller Williams University 2 000 00
507508509
Adjustments lot items unpaid by se et510 Cityffown taxes
511 County taxes 11128117 to12131117 1.878 37
5i2 Assessments
514
515516517.518519
S2O TOTAL REDUCTION AMOUNT DUE SELLER 13 619.80
6OO. CASH AT SETTLEMENT TO/FROM SELLER:
60j Gross amount due to Seller (Line 420) 140 000 00
602 Less reductions due Seller (Line 520) ( 13,619 80)
603 CASH IO SELLER 126.380.20
8 MORTGAGE INS CASE NUMEER
E, NAME AND ADDRESS OF SELLER:A Cotlen W'ght Receverlo/OavsFna.ca lnc101 N Tryon Sr S!'re 1240 Chano(e NC 24246
G PROPERTY LOCATIONI9137 Mt. Holly Huntersville Rd.
Huntersville NC 28078Mecklenburg County, North Carolana
5OO, REDUCTIONS IN AMOUNT DUE TO SELLER:
-
J. SUMMARY OF BUYER'S TRANSACTION
3OO. CASH AT SETTLEMENT FROM/TO BUYER:
Pnnl€don 11/28117 at 11 l9?2AM 17110115NC/19BUD-I Page 1
EXHIBIT A
Case 3:16-cv-00285-GCM Document 161 Filed 12/13/17 Page 2 of 6
L. SETTLEMENT CHARGES700. TOTAL COMMISSION Based on Price $ 140,000 00 @ 6 0000 % 8,400 00 PAID FROM
BUYER'SFUNDS AT
SETTLEMENT
PAIO FROMSELLER'SFUN DS AT
SETTLEMENT
Division of Commtssion ( ne 700) as Follows:
701. $ 4,200.00 to Morris Depew Realty LLC
702 $ 4,200.00 to Keller Williams University Less Deposil Retained 2,000.00
703 Commission Paid at Settlement 6,400 00
704 Dep retained by Keller Williams Univer to Keller Williams University POC 2 000 00
8OO. ITEMS PAYABLE IN CONNECTION WTH LOAN801 Loan O ination Fee o/o lo802 Loan Discount o/o lo803 to804 to805 to806 to807 to808 to809 to810 to811 to
ITEMS REOUIRED BY LENDER TO BE PAID IN ADVANCE900901 lnterest From 11128h7 to 12101117 @ $ /day ( 3 days y.)
902 for month to903 for year to904 for ar to905 to,IOOO. RESERVES DEPOSITED WITH LENDER
1001 Months @ $ per Month
r Month1002 Months @ $ pe
1003 ont s r Month
1004 Months @ $ per Month
1005 Months @ $ per Month
1006 s @$ r ldonth
1007 l\,lonths @ $ per Month
1008 lvlonths @ $ per lvlonth'I1OO. TITLE CHARGES1101 Settlement or closing fee to1102 Abskact or title search toj j03 Title examination to1104 Title insurance binder to1105 to11 Nota fees to
1107 Attorney's fees to Hunoval & Associates, PLLC 575.00(includes above item numbers )
11 Tltle insurance to eTrust lltle G 175.70(includes above item numbers )
1109 Lender's clvera e
1110 eis cove e
1111 Seller Shipping / Wire Fees to Hunoval & Associates, PLLC 25.00
111 sh in Handlrn Fee to Hunoval & Associates, PLLC 25 00
11j 3 lltle U ate Fee to Hunoval & Associates, PLLC 75 00
1114 Title Search Fee to Hunoval & Associates, PLLC 150 00
1201. Recordinq fees: Deed Mortqaqe Releases 26 00
1202.City/Countytax/stamps: Deed $ 280.00; [/ortqaqe 280.00
1203 E-Recordin Fee Deed e 4501204 to1205 to1 3OO. ADDITIONAL SETTLEMENT CHARGES1301 to1302 to1303 2017 Taxes to Mecklenbu Coun Tax Collector 01t01t01-01to1to1 2,065 07
1304 2016 Taxes to Mecklenbu Coun Tax Collector 01 /01 /01 -01 /01 /0'1 2 260 87
1305 2015 Taxes to Mecklenburg County Tax Collector 01/01/01-01/01/01 775.56
1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103, Section J and 502, Section K) 3.096 27 9.741 43
Pndled on 11DAl17 a1111922AI\4 17110115NC/19HUD 1 Page 2
t-T l
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Case 3:16-cv-00285-GCM Document 161 Filed 12/13/17 Page 3 of 6
HUD-'1, Attachment
Buyer: Lorenzo Silva Rojas and Rosana Rojasde Silva7811 Wltshire Rldge LnCharlotte, NC 28269
Seller: M B Shah and Bina lvl Shah200 Scotney Glen CircleAlpharetta, GA 30022
Davis Financial, lnc.101 N. Tryon St., Suite 1240Charlotte, NC 28246
Lender:
Settlement Agent:
Place of Settlement:
Settlement Date:Disbursement Date:Property Location:
Hunoval & Associates, PLLC(704\525-7712501 Minuet LaneSuite 104ACharlotte, NC 282'17
November 28, 2017November 28, 2017
9'137 Mt. Holly Huntersville Rd.Hu ntersville, NC 28078Mecklenburg County, North Carolina
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true andaccurate statement ofall receipts and disbursements made on my account or by me in this transaction. lfurthercertify thaI have received a copy of the HUD-1 Settlement Statement.
Lorenzo Silva Rojas Snehal Shah, attorney in fact for l\ilike B Shah
Rosana Rojas de Silva Bina M Shah
Davis Financial, Inc.
evG .Cde-,'- Dl Yn, !"c-lrP'tA. Cotten Wright, Receiver (S.E.dJ v. D5vis, et al,
3: 16-CV-285, W.D.N.C.)
Printed on 11/28/17 at 11r19 22AM by courtney.finchPage 1 of 1
17110115NC / 19Case 3:16-cv-00285-GCM Document 161 Filed 12/13/17 Page 4 of 6
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Case 3:16-cv-00285-GCM Document 161 Filed 12/13/17 Page 6 of 6
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