Sacramento developer Kolokotronis files for bankruptcy
Sacramento real estate developer Sotiris K. Kolokotronis filed for personal bankruptcy Friday, listing debts of more than $130 million and assets of $3.2 million. Concurrent with the filing, his bankruptcy attorney Walter Dahl issued a news release that said Kolokotronis? continuing dispute with an investment firm triggered the filing. That firm, an entity of Ayres Advisors of San Diego, has been pursuing a $16.5 million judgment against Kolokotronis for several years. The Chapter 7 liquidation case could resolve that judgment and protect some of Kolokotronis? personal assets...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=qT4GJRoxjmE:NCm5RrlEw-A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=qT4GJRoxjmE:NCm5RrlEw-A:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=qT4GJRoxjmE:NCm5RrlEw-A:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=qT4GJRoxjmE:NCm5RrlEw-A:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=qT4GJRoxjmE:NCm5RrlEw-A:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=qT4GJRoxjmE:NCm5RrlEw-A:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a> </div>
Feats of Clay competition canceled
Feats of Clay will not make it to its 25th year. Feats of Clay XXV had been scheduled this year for April 28 through May 27. But it appears the show will not go on. The national ceramic arts and sculpture competition was a regional draw, as the art was displayed inside the massive honeycomb kilns at the Gladding McBean terra-cotta factory in Lincoln. Lincoln Arts, the nonprofit that puts on the competition, said the event has been retired.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=WJxzoc6p2zI:trU8ZVe3jXU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=WJxzoc6p2zI:trU8ZVe3jXU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=WJxzoc6p2zI:trU8ZVe3jXU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=WJxzoc6p2zI:trU8ZVe3jXU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=WJxzoc6p2zI:trU8ZVe3jXU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=WJxzoc6p2zI:trU8ZVe3jXU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a> </div>
CEO Meg Whitman got $16.5M HP pay package
Despite being one of the Silicon Valley tech chief executive officers getting $1 a year in salary, Meg Whitman got stock options when she took over at Hewlett-Packard Co. last year that brought her total compensation to an estimated $16.5 million. The Palo Alto computer and services giant (NYSE: HPQ) reported the pay package in a proxy filing with the Securities and Exchange Commission on Friday. Whitman's option awards are valued at $16.1 million and she was also given $372,598 in other compensation...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=UDYXIim70U0:K8HAHNsmjL4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=UDYXIim70U0:K8HAHNsmjL4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=UDYXIim70U0:K8HAHNsmjL4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=UDYXIim70U0:K8HAHNsmjL4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=UDYXIim70U0:K8HAHNsmjL4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=UDYXIim70U0:K8HAHNsmjL4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a> </div>
Micron Technology CEO dies in plane crash
Steve Appleton, the chairman and chief executive of Micron Technology Inc., died in a small plane accident in Boise, Idaho, Friday morning. He was 51. Micron (NASDAQ: MU) is based in Boise. It is a worldwide provider of advanced semiconductors for many industries. Micron makes DRAM, NAND and NOR flash memory chips that power everything from wireless electronics, automotive computers, radio frequency chips and communications and storage technology. Appleton was an avid pilot. He was the lone person in the experimental fixed-wing plane when it crashed at the Boise airport, according to a release from the company...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=rYO7b9SDH0s:jmzlZHT-Isc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=rYO7b9SDH0s:jmzlZHT-Isc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=rYO7b9SDH0s:jmzlZHT-Isc:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=rYO7b9SDH0s:jmzlZHT-Isc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=rYO7b9SDH0s:jmzlZHT-Isc:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=rYO7b9SDH0s:jmzlZHT-Isc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a> </div>


Short Sale Case Management representation can result in a 1in 2 success ratio with little expenditure of time and angst.

How much time are you willing to spend on your short sale?

It usually takes three to six weeks to receive your answer from the lender, provided all your supporting materials have been submitted properly. With the foreclosure sale fast approaching, direct contact with the lender is vital to your success.
The lender may approve a “short sale” when the borrower is past due 3 or more payments. Given this information, time is closing in on your good deal.

So, how do you master the short sale market?

The Mortgage Industry’s performance in this default arena is, in the majority of cases, ponderous and abusive and is a negative force to deal with. It will require one individual in the collective seller/buyer grouping to aggressively, timely, and persistently co-ordinate all the documentation required by the lender and who will represent the interests of those parties directly to the “true” decision maker in the lenders hierarchy.

The package presented to the “true” decision maker must have data sufficient to answer any questions as to property conditions, values, market viability, and borrower claims of insolvency. Finding a path to the decision maker is extremely difficult. There are services available that can assist you in finding the appropriate departments and people with the target mortgage company.

There are no guarantees in this market, but consulting a professional will drastically improve the odds in your favor. And that good deal will be closer at hand.

Tom Ziegler makes available Short Sale Management Representation packages to realtors for their sellers and buyers on a fee basis. You can contact Tom through Information-Valley.com/ shortSale.html for a free short sale evaluation.

Betty Ziegler hosts the popular website www.Information-Valley.com where she freely shares timely information regarding this real estate market, and successful real estate marketing.Visit www.information-valley.com/shortSale.html for more information regarding Short Sales.

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