Monday, April 16, 2007

Summary of 3/26 Hearings

On March 26, 2007, the Court held a hearing addressing the following items:

1. Motion to Approve Settlement between Debtors and Bank of America: Granted, the Settlement Agreement is approved.

2. Motion to Sell Hidden Lakes/Kara at Lacey, LLC: Granted, the Order provides the procedures of the auction of sale which will be held on May 29, 2007 and hearing to confirm sale will take place on June 4, 2007.