Replies to post #16258 on Cal-Bay International Inc (CBYI)

[Welcome2Pinkyland]

from last pr - The company has financial interests in properties in Imperial Beach, Bonita, California and Florida which are currently in legal status. These properties and the financial investment are not included in the above valuation.

[mordicai]

The previous link shows that the mortgage company got the property back by bidding $10,000. That is not a misprint. Well people the loan balance was $2,460,000, so as of July 5th , 2007 the mortgage company wants a deficiency judgment against cal bay and pawson for $2,450,000. That is what happens when things are allowed to go in default. Pawson was served on this lawsuit on February 26th. Wasn't that around the time of his conference call for shareholders? The limited liability company that sold the charlotte county property was RPC. Hmmm , does that stand for Roger Pawson Company? This company is in crash and burn mode people.

[mordicai]

I copied the information in case the link times out. This is the docket sheet of the calbay foreclosure suit in charlotte county florida.




07/05/2007 27 PLAINTIFFS - MOTION FOR ENTRY OF DEFICIENCY JUDGMENT
07/02/2007 7 CERTIFICATE OF TITLE - RECORDED OR BK 3180 PG 950-956
06/27/2007 1 CLERKS CERTIFICATE OF MAILING
06/27/2007 7 CERTIFICATE OF TITLE - GENERAL MORTGAGRE ASSOCIATES INC - TO RECORDING
06/27/2007 1 CERTIFICATE OF DISBURSEMENTS - NO MONEY RECEIVED - NO MONEY DISBURSED
06/27/2007 1 TRANSMITTAL FORM
06/18/2007 1 AFFIDAVIT - OF ADDITIONAL COSTS
06/18/2007 7 MEMORANDUM - WITH EXHIBIT A ATTACHED
06/13/2007 1 CLERKS CERTIFICATE OF MAILING
06/13/2007 4 CERTIFICATE OF SALE - GENERAL MORTGAGE ASSOCIATES, INC
06/13/2007 1 BIDDERS SLIP - STEPHEN HOLLIS
06/13/2007 1 BID LOG - $10,000.00 GENERAL MORTGAGE ASSOCIATES, INC
06/13/2007 3 PROOF OF PUBLICATION - NOTICE OF FORECLOSURE ALE
06/13/2007 1 RECEIPT
05/15/2007 2 ORDER - RETURN FROM OR BOOK 3158 PAGES 1735 THRU 1736
05/15/2007 13 SUMMARY FINAL JUDGMENT IN/OF FORECLOSURE - RETURN FROM OR BOOK - 3158 PAGES - 1654 THRU 1666
05/14/2007 1 MEMORANDUM - FROM CLERK TO ATTY
05/14/2007 7 NOTICE OF FORECLOSURE SALE - 6/13/07 NO NEWSPAPER INDICATED
05/14/2007 13 SUMMARY FINAL JUDGMENT IN/OF FORECLOSURE - - TO RECORDING
05/14/2007 2 ORDER - ON PLAINTIFFS MOTION FOR ATTORNEYS FEES - TO RECORDING
05/14/2007 1 COURT MINUTES
05/14/2007 11 ORIGINAL - MORTGAGE
05/14/2007 24 ORIGINAL - MORTGAGE
05/14/2007 4 ORIGINAL - PROMISSORY NOTE
05/14/2007 1 COVER LETTER TO JUDGE FROM ATTORNEY
04/16/2007 2 AFFIDAVIT - IN SUPPORT OF APPLICATION FOR ATTORNEY FEES
04/16/2007 2 PLAINTIFF - MOTION FOR AWARD OF ATTORNEYS FEES
04/16/2007 3 AFFIDAVIT - IN PROOF
04/16/2007 3 PLAINTIFF - MOTION FOR SUMMARY FINAL JUDGMENT OF FORECLOSURE
04/16/2007 1 PLAINTIFF - NOTICE OF HEARING 5-10-07 9AM
04/05/2007 2 SUMMONS RETURNED SERVED - CAL-BAY INTERNATIONAL INC - 03/05/07
04/05/2007 3 SUMMONS RETURNED SERVED - ROGER PAWSON - 02/26/07
04/05/2007 1 MOTION FOR DEFAULT AND DEFAULT GRANTED - ROGER PAWSON
04/05/2007 1 MOTION FOR DEFAULT AND DEFAULT GRANTED - CAL-BAY INTERNATIONAL INC
02/20/2007 1 CONFIRMATION LETTER
02/20/2007 7 NOTICE OF LIS PENDENS RECORDED IN OR BOOK - 3115 PGS 646-652
02/15/2007 1 SUMMONS ISSUED - CAL BAY INTERNATIONAL INC
02/15/2007 2 SUMMONS ISSUED - ROGER PAWON
02/15/2007 7 NOTICE OF LIS PENDENS TO RECORDING
02/15/2007 49 PLAINTIFF - COMPLAINT FOR FORECLOSURE AND FOR DAMAGES
02/15/2007 1 CIVIL COVER SHEET
02/15/2007 1 RECEIPT

[mordicai]

If you go to the post I replied to just now, and fill in the name cal bay, you will see that the charlotte deficiency judgment is going forward with a mid september hearing date and an affidavit filed august 1st, probably that of a real estate appraiser. Note there is still no answer or entry of appearance for cal bay or Pawson. Pawson is going to be hit with a personal judgment against his axx for the deficiency. People, the fact that Pawson/cal bay does not show up for court hearings imho means there is nothing left or there will be nothing left by the time the judgments are entered. Crash and burn.