Estate of Graham CA3
Decedent died testate on May 20, 2019, in Placer County, and Downs is serving as the administrator of her estate. Decedent owned a house in Lincoln, located at 682 Courtyards Loop (hereafter “the property”). The property was appraised at $372,000 at the date of death. According to Downs, the estate has additional assets valued at approximately $69,172.
The estate has two secured creditors. The first is Wells Fargo. Decedent purchased the property by taking out a mortgage secured by a deed of trust encumbering the property, and Wells Fargo is the current beneficiary of the deed of trust. The loan is in default, and a notice of default was recorded on December 18, 2019. As of June 2020, the total amount due on the loan was approximately $338,000. Decedent also owes Matadors approximately $29,000, secured by solar panels and related equipment affixed to the property. There is also a $40,059 federal tax claim against the estate.
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