Issue link: https://www.epageflip.net/i/39044
Low rates no fix for economy, retirees WASHINGTON (AP) — The Federal Reserve’s plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For retirees and others who need interest income, it’s a threat. Nor will low rates likely revive a depressed home market, ener- gize a weak economy or reassure frightened consumers. They’re also putting pressure on Americans’ pensions. The consulting firm Milliman Inc. said this week that 100 of the nation’s largest pension funds were $254 billion short of what they need to meet obligations to Unemployment aid applications at 4-month low WASHINGTON (AP) — The number of people seeking unem- ployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving slowly after a recent slump. Applications for unemployment aid dropped by 7,000 to a seasonal- ly adjusted 395,000, the Labor Department said Thursday. Appli- cations had been above 400,000 for the previous 17 weeks. The four-week average, a less- volatile figure, fell to 405,000, its sixth straight decline and the low- est level since mid-April. That sug- gests layoffs have eased. The decline in applications helped lift stocks. The Dow Jones industrial average rose more than 85 points in the first hour of trad- ing. Applications fell in February to 375,000, a level that reflects healthy job growth. They soared to an eight-month high of 478,000 in late April, and have declined slow- ly since then. There were fewer layoffs last week in the manufacturing, trans- portation and service industries, according to the report. Only nine states reported an increase in appli- cations. Paul Dales, senior U.S. econo- mist at Capital Economics said the decline shows the job market is at least not getting worse. ‘‘Of course, it tells us nothing about hiring, which the market tur- moil of recent weeks will not have helped,’’ said Dales, noting the 16 percent decline in the Dow Jones industrial average since July 21. The economy added 117,000 net jobs in July, the government said last week. That was an improvement from the previous two months. But it’s far below the average of 215,000 jobs per month that companies created from Feb- ruary through April. Many employers pulled back on hiring after signs emerged that the economy had weakened from last year. High gas prices and scant wage gains left consumers with less money to spend on discre- tionary purchases, such as appli- ances, furniture and electronics. Supply chain disruptions caused by the Japan crisis also dampened U.S. factory production. The economy expanded at an annual rate of just 0.8 percent in the first six months of the year, the slowest growth in the two years since the recession officially ended. Steven Wood, chief economist at Insight Economics, said the declining trend in weekly unem- ployment benefit applications is an encouraging sign for the job mar- ket. ‘‘Although the labor market also hit a ‘‘soft patch’’ along with most of the rest of the economy during the spring and early summer, it now appears to be strengthening, at least a little, again,’’ he said. Still, the outlook for the econo- my is dim. The Federal Reserve on Tuesday said it expects growth will stay weak for two more years. The Fed also acknowledged that the economy’s problems go beyond temporary factors, such as high gas prices. As a result, the Fed said it would likely keep the short-term interest rate near zero at least through mid-2013. Economists have slashed their growth estimates. Goldman Sachs Group Inc. expects just 2.5 percent growth in the July-September quarter, down from its previous estimate of 3.25 percent. JPMor- gan Chase & Co. reduced its esti- mate to 1.5 percent, down from as high as 3 percent several weeks ago. Growth of about 2.5 percent is barely enough to reduce the unem- ployment rate. The economy needs to grow by 5 percent for a whole year to bring down the rate by one percentage point. retirees July 31, up from a $186 billion shortfall at the end of June. Low interest rates were the main reason for the widening gap. The sinking rates flow from the Fed’s federal funds rate, which the Fed has kept near zero since the depths of the financial crisis in December 2008. The funds rate is the rate banks charge each other for overnight loans. It indirectly affects rates for credit cards and some busi- ness loans. Longer-term yields are deter- mined by traders. These yields are also near record lows, driven down by investors seeking the safety of U.S. Treasurys. Legal Notices Legal Notices LEGAL NOTICE NOTICE TO CREDITORS OF BULK SALE NOTICE IS HEREBY GIVEN that a bulk sale is about to be made. The name(s) and business address(es) of the Seller(s) are: Mountain Counties Supply Com- pany, 820 Highway 99 West, Corning, CA 96021 Doing Business as: All other business name(s) and address(es) used by the Seller(s) within the past three years, as stated by the Seller(s) is/are: The name(s) and address of the Buyer(s)/applicant(s) is/are: Gurmit Singh Khinda, 22540 Bra- dy Ct., Red Bluff, CA 96080 The assets being sold are gener- ally described as: All Fixtures and Equipment, Goodwill, Cove- nant Not To Compete, Inventory, Account Receivables and are located at: 820 99 West, Corning, CA 96021 The bulk sale is intended to be consummated at the office of: Fidelity National Title Company of California, 2070 Churn Creek Road, Suite C, Redding CA 96002 and the anticipated sale date is August 30, 2011. The Bulk sale is subject to Cali- fornia Uniform Commercial Code Section 6106.2. The name and address of the person with whom claims may be filed is: Fidelity National Title Company of California, 2070 Churn Creek Road, Suite C, Redding, CA 96002 and the last date for filing claims by a cred- itor shall be August 29, 2011, which is the business day before the sale date specified above. Date: 8/05/11 Signature Buyer(s)/Applicant(s) S/By: GS Khinda Gurmit Singh Khinda Publish: August 12, 2011 LEGAL NOTICE NOTICE OF TRUSTEE’S SALE TS No. 10-0147686 Title Order No. 100689043 Investor/Insurer No. 142317860 APN No. 027-220-351 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 08/04/2006. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by DESIREE D ROHRS, A MARRIED WOMAN AS HER SOLE AND SEPARATE PROPERTY, dat- ed 08/04/2006 and recorded 08/07/06, as Instrument No. 2006-015965, in Book , Page ), of Official Records in the office of the County Recorder of Tehama County, State of California, will sell on 08/26/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, payable in full at time of sale, all right, title, and interest conveyed to and now held by it under said Deed of Trust, in the property situated in said County and State and as more fully described in the above referenced Deed of Trust. The street address and other common designation, if any, of the real property described above is purported to be: 2450 FORWARD WAY, RED BLUFF, CA, 960802132. The undersigned Trustee disclaims any liability for any incorrectness of the street address and other com- mon designation, if any, shown herein. The total amount of the unpaid balance with interest thereon of the obligation se- cured by the property to be sold plus reasonable estimated costs, expenses and advances at the time of the initial publica- tion of the Notice of Sale is $263,122.98. It is possible that at the time of sale the opening bid may be less than the total in- debtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 02/17/2011 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By: - Trustee’s RECONTRUST COMPANY, N.A. is a debt collector attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# 4058065 08/05/2011, 08/19/2011 Sale Officer 08/12/2011, of Legal Notices Legal Notices LEGAL NOTICE NOTICE OF TRUSTEE’S SALE File No. 8665.20078 Title Order No. 4783044 MIN No. APN 029-022-121 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 01/25/06. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PRO- CEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER. A public auction sale to the high- est bidder for cash, cashier’s check drawn on a state or na- tional bank, check drawn by state or federal credit union, or a check drawn by a state or fed- eral savings and loan associa- tion, or savings association, or savings bank specified in §5102 to the Financial code and au- thorized to do business in this state, will be held by duly ap- pointed trustee. The sale will be made, but without covenant or warranty, expressed or implied, regarding title, possession, or encumbrances, to satisfy the obligation secured by said Deed of Trust. The undersigned Trust- ee disclaims any liability for any incorrectness of the property address or other common desig- nation, if any, shown herein. Trustor(s): Sherry Dagen and Brian Dagen Recorded: 02/06/06, as Instrument No. 002311, Book 2876, Page 059,of Official Re- cords of Tehama County, Cali- fornia. Date of Sale: 08/25/11 at 2:00 PM Place of Sale: At the main entrance to the Tehama County Courthouse, 633 Wash- ington Street., Red Bluff, CA The purported property address is: 153 Encinal Drive, Red Bluff, CA 96080 Assessors Parcel No. 029- 022-121 The total amount of the unpaid balance of the obligation secured by the property to be sold and reasonable estimated costs, expenses and advances at the time of the initial publica- tion of the Notice of Sale is $149,047.73. If the sale is set aside for any reason, the pur- chaser at the sale shall be enti- tled only to a return of the de- posit paid, plus interest. The purchaser shall have no further recourse against the beneficia- ry, the Trustor or the trustee. Date: August 1, 2011 NORTH- WEST TRUSTEE SERVICES, INC., as Trustee Victoria Gutierrez, Authorized Signatory 1241 E. Dyer Road, Suite 250, Santa Ana, CA 92705 Sale Info website: www.USA-Foreclosure.com or www.Auction.com Automated Sales Line: 714-277-4845 or 800- 280-2832 Reinstatement and Pay-Off Requests: (866) 387- NWTS THIS OFFICE IS ATTEMPT- ING TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PUR- POSE FEI # 1002.200878 08/05/2011, 08/19/2011 08/12/2011, LEGAL NOTICE NOTICE OF TRUSTEE’S SALE TS No. 11-0033701 Title Order No. 110209434 Investor/Insurer No. 162294559 APN No. 101-040-351 YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 06/05/2007. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A LAWYER." Notice is hereby given that RECONTRUST COMPANY, N.A., as duly appointed trustee pursuant to the Deed of Trust executed by WYLEEN O. LOBAUGH, AN UNMARRIED WOMAN, dated 06/05/2007 and recorded 06/08/07, as Instru- ment No. 2007010541, in Book , Page ), of Official Records in the office of the County Recorder of Tehama County, State of Califor- nia, will sell on 08/19/2011 at 2:00PM, At the main entrance to the Tehama County Courthouse, 633 Washington Street, Red Bluff, CA 96080 at public auction, to the highest bidder for cash or check as described below, paya- ble in full at time of sale, all right, title, and interest con- veyed to and now held by it un- der said Deed of Trust, in the property situated in said County and State and as more fully de- scribed in the above referenced Deed of Trust. The street ad- dress and other common desig- nation, if any, of the real proper- ty described above is purported to be: 21968 KLAMATH RIVER PLACE, COTTONWOOD, CA, 96022. The undersigned Trustee disclaims any liability for any in- correctness of the street ad- dress and other common desig- nation, if any, shown herein. The total amount of the unpaid bal- ance with interest thereon of the obligation secured by the property to be sold plus reason- able estimated costs, expenses and advances at the time of the initial publication of the Notice of Sale is $243,541.14. It is possi- ble that at the time of sale the opening bid may be less than the total indebtedness due. In addition to cash, the Trustee will accept cashier’s checks drawn on a state or national bank, a check drawn by a state or feder- al credit union, or a check drawn by a state or federal savings and loan association, savings asso- ciation, or savings bank speci- fied in Section 5102 of the Finan- cial Code and authorized to do business in this state. Said sale will be made, in an ’’AS IS’’ con- dition, but without covenant or warranty, express or implied, re- garding title, possession or en- cumbrances, to satisfy the in- debtedness secured by said Deed of Trust, advances thereunder, with interest as pro- vided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note, plus fees, charges and ex- penses of the Trustee and of the trusts created by said Deed of Trust. DATED: 07/23/2011 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd., CA6-914- 01-94 SIMI VALLEY, CA 93063 Phone: (800) 281 8219, Sale Infor- mation (626) 927-4399 By:--_ Trustee’s RECONTRUST COMPANY, N.A. is a debt collector attempting to collect a debt. Any information obtained will be used for that purpose. ASAP# 4050867 07/29/2011, 08/12/2011 Sale Officer 08/05/2011, Friday, August 12, 2011 – Daily News 5B LEGAL NOTICE LEGAL NOTICE NOTICE OF APPLICATION TO SELL ALCOHOLIC BEVERAGES Date of Filing Application: July 14, 2011 The applicants listed above are applying to the Department of Alcoholic Beverage Control to sell alcoholic beverages at: 3070 Highway 99W Corning, CA 96021-9303 Type of license(s) Applied for: 41- ON-SALE BEER AND WINE - EATING PLACE Royal Business Associates LLC Publish: Aug 12, 19 & 26, 2011 LEGAL NOTICE Trustee Sale No. 11-01055-5 DL Loan No. 3138428 APN 035-460- 051 NOTICE OF TRUSTEE’S SALE YOU ARE IN DEFAULT UNDER A DEED OF TRUST DATED 12/14/1995. UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY, IT MAY BE SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE NATURE OF THE PROCEEDINGS AGAINST YOU, YOU SHOULD CONTACT A LAWYER. On 8/19/2011, at 02:00 PM, At the main entrance to the Tehama County Courthouse, 633 Washington St., Red Bluff, CA, FI- DELITY NATIONAL TITLE COMPA- NY, as the duly appointed Trust- ee, under and pursuant to the power of sale contained in that certain Deed of Trust Recorded on 12/15/1995, as Instrument No. 16242 Book 1625 Page 180 of Offi- cial Records in the office of the Recorder of Tehama County, CA, executed by: PHILLIP T. ANKER AND REBEKAH ANKER, HUSBAND AND WIFE, as Trustor, and UNIT- ED STATES OF AMERICA, ACTING THROUGH THE FARMERS HOME ADMINISTRATION, STATES DEPARTMENT OF AGRI- CULTURE as Beneficiary, WILL SELL AT PUBLIC AUCTION TO THE HIGHEST BIDDER, in lawful mon- ey of the United States, all paya- ble at the time of sale, that cer- tain property situated in said County, California describing the land therein as: LOT 5 OF FAIRWAY OAKS UNIT 1, TRACT NO. 80-1031, AS THE SAME IS SHOWN ON THE MAP FILED IN THE TEHAMA COUNTY RECORDER‘S OFFICE, OCTOBER 1, 1982 IN BOOK U OF MAPS AT PAGES 110 AND 111. The proper- ty heretofore described is being sold "as is" The street address and other common designation, if any, of the real property de- scribed above is purported to be: 755 CROSBY LANE, RED BLUFF, CA The undersigned Trustee disclaims any liability for any incorrectness of the street address and other com- mon designation, if any, shown herein. Said sale will be made without covenant or warranty, express or implied, regarding ti- tle, possession, or encumbran- ces, to pay the remaining unpaid balance of the obligations se- cured by and pursuant to the power of sale contained in that certain Deed of Trust (together with any modifications thereto). The total amount of the unpaid balance of the obligations se- cured by the property to be sold and reasonable estimated costs, expenses and advances at the time of the initial publica- tion of this Notice of Trustee’s Sale is estimated to be $104,473.57 (Estimated), provid- ed, however, prepayment premi- ums, accrued interest and ad- vances will increase this figure prior to sale. Beneficiary’s bid at said sale may include all or part of said amount. In addition to cash, the Trustee will accept a cashier’s check drawn on a state or national bank, a check drawn by a state or federal credit union or a check drawn by a state or federal savings and loan association, savings asso- ciation or savings bank speci- fied in Section 5102 of the Cali- fornia Financial Code and au- thorized to do business in Cali- fornia, or other such funds as may be acceptable to the trust- ee. In the event tender other than cash is accepted, the Trust- ee may withhold the issuance of the Trustee’s Deed Upon Sale until funds become available to the payee or endorsee as a mat- ter of right. The property offered for sale excludes all funds held on account by the property re- ceiver, if applicable. THE ESTI- MATED OPENING BID AT THE TIME OF THE INITIAL SALE DATE WILL BE $ 39,600.00 THE ESTI- MATED MARKET VALUE IS $63,000.00 DATE 7/22/2011 FIDEL- ITY NATIONAL TITLE COMPANY, TRUSTEE 11-01055-5DL 3075 Pros- pect Park Dr., Ste 100 Rancho Cordova, CA 95670 916-636-0114 Vickie Levas, Authorized Signa- ture SALE INFORMATION CAN BE OBTAINED ON LINE AT www.priorityposting.com AUTO- MATED SALES INFORMATION PLEASE CALL 714-573-1965 P861623 7/29, 8/5, 08/12/2011 UNITED To Whom It May Concern: The Name(s) of the Applicant(s) is/are: LInda M. Turner - WIlliamson FOR CHANGE OF NAME ORDER TO SHOW CAUSE FOR CHANGE OF NAME SUPERIOR COURT OF CALIFORNIA COUNTY OF TEHAMA PETITION OF: ______________________/ TO ALL INTERESTED PERSONS: Petitioner, Linda Turner William- son, filed a petition with this court for a decree changing names as follows: Linda M. Turner to Loli M. Williamson THE COURT ORDERS that all per- sons interested in this matter shall appear before this court at the hearing indicated below to show cause, if any, why the peti- tion for change of name should not be granted. NOTICE OF HEARING CASE NUMBER: 65318 Amended Date: Sep 06, 2011 Time: 1:30 p.m. Dept.: 3. The address of the court is 445 Pine St, Red Bluff, CA 96080. A copy of this Order to Show Cause shall be published at least once each week for four successive weeks prior to the date set for hearing on the peti- tion in the Red Bluff Daily News a newspaper of general circula- tion, printed in this county. Actual notice to minors father shall not be required. Notice to his legal conservator shall be sufficient enough notice. DATE: 7/14-11 Publish: Aug 5, 12, 19 & 26 , 2011 Alinda Carroll Stout TO ADMINISTER ESTATE OF LEGAL NOTICE NOTICE OF PETITION To all heirs, beneficiaries, cred- itors, contingent creditors, and persons who may otherwise be interested in the will or estate, or both, of Alinda Carrowll Stout A Petition for Probate has been filed by John Ramirez in the Su- perior Court of California, Coun- ty of TEHAMA THE PETITION FOR PROBATE requests that John Ramirez be appointed as per- sonal representative to adminis- ter the estate of the decedent. The petition requests the decedent¹s will and codicils, if any, be admitted to probate. The will and any codicils are availa- ble for examination in the file kept by the court. The petition requests authority to administer the estate under the Independent Administration of Estates Act. (This authority will allow the personal repre- sentative to take many actions without obtaining court appro- val. Before taking certain very important actions, however, the personal representative will be required to give notice to inter- ested persons unless they have waived notice or consented to the proposed action.) The inde- pendent administration authori- ty will be granted unless an in- terested person files an objec- tion to the petition and shows good cause why the court should not grant the authority. A hearing on the petition will be held in this court as follows: 9/19/2011 at 1:30 p.m. in Dept. 3 located at 633 Washington Street, P.O. Box 310, Red Bluff, CA 96080 If you object to the granting of the petition, you should appear at the hearing and state your objections or file written objections with the court before the hearing. Your appearance may be in person or by your attorney. If you are a creditor or a contin- gent creditor of the decedent, you must file your claim with the court and mail a copy to the personal representative ap- pointed by the court within four months from the date of first is- suance of letters as provided in Probate Code section 9100. The time for filing claims will not ex- pire before four months from the hearing date noticed above. You may examine the file kept by the court. If you are a person interested in the estate, you may file with the court a Re- quest for Special Notice (form DE-154) of the filing of an inven- tory and appraisal of estate as- sets or of any petition or ac- count as provided in Probate Code section 1250. A Request for Special Notice form is available from the court clerk. Attorney for petitioner Matthew C. McGlynn McGlynn & McGlynn 737 Washington St., P.O. Box 1110 CASE NO. 14706 Red Bluff, CA 96080 Publish: Aug 5, 9 & 12, 2011 LEGAL NOTICE S/By: Johnathan Skillman JUDGE OF THE SUPERIOR COURT PUBLISH DATE: August 12, 2011