Final Dates Confirmed for 2005 NOLHGA Legal Seminar

NOLHGA will hold its 13th Annual Legal Seminar in Park City, Utah, next summer on August 18-19, 2005. The seminar will be held in conjunction with the MPC meeting scheduled for August 16-17. The Stein Eriksen Lodge will host the four-day event, offering NOLHGA guests a special room rate of $190 per night for their deluxe rooms and $255 per night for one-bedroom suites. Space is limited at the Lodge, so attendees are encouraged to book their rooms early. The Lodge's reservations desk can be reached at 800.453.1302.

  Staff Contact - Consumers United Insurance Company (Del.)

Parkside Property Sold; Distribution Anticipated

As reported at the Las Vegas MPC meeting on October 25, 2004, one of the last remaining assets in the CUIC estate has been liquidated. The asset, which was actually collateral for a mortgage held by the CUIC estate, was the parcel of D.C. real estate known as "Parkside" that has been the subject of litigation over the last few years. In September, the property sold for $11.1 million pursuant to a court-approved bidding agreement; closing took place in October. The estate netted just over $6 million after the transfer tax, broker's fees, legal fees, and other closing costs. The receiver recently confirmed that a distribution to the guaranty associations of $4 million will be made no later than December 15. Individual guaranty association amounts are not yet available.

Task Force Chair - Peggy Parker;   Staff Contact -

No Wire Next Week

There will be no NOLHGA Wire next week (November 26). The NOLHGA office will close at 1:00 p.m. on Wednesday, November 24, and will be closed November 25 and 26 for the Thanksgiving holiday. The NOLHGA staff wishes everyone a safe and happy holiday.

  Staff Contact - Sean McKenna